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GSTR-9C is a reconciliation between GST turnover with the Audited Financial Statement.
| Latest Update As per Notification No. 08/2025 taxpayers who missed filing GSTR-9C along with GSTR-9 for FY 2017-18 to FY 2022-23 can now submit it by March 31, 2025, without additional late fees. The 55th GST Council has recommended that a taxpayers will get a waiver on the excess late fee if FORM GSTR-9C is filed by March 31, 2025 for returns from 2017-18 to 2022-23. |
Applicability
It must be filed by registered taxable person who is liable to file audit as per provision of GST Act.
Note: Certification of GST Auditor is required who is either a CA/CMA through digital signature and must be attested by the taxpayer using a digital signature.
Not Applicable To?
Those who mentioned under GSTR-9 but also a registered person whose aggregate turnover in an financial year is less than 2 crores.
Turnover Limit
Taxpayers are eligible to file GSTR-9C is the turnover exceeds Rs. 5 Crore in a financial year.
Due Date
The due date to file GSTR-9C for the FY 23-24 is on or before 31st December 2024.
How to make the payment?
If the Turnover, Tax and ITC remains unreconciled then payable must be through DRC-03.
GST Council's Clarification
The GST Council has provided clarification regarding the late fee applicable for the delayed filing of FORM GSTR-9C (Reconciliation Statement) along with FORM GSTR-9 (Annual Return) for the period from 2017-18 to 2022-23. Here are the key points:
Applicability of Late Fee
- Late fee is levied, if delayed in filing of both FORM GSTR-9 and FORM GSTR-9C, as per Section 47(2) of the CGST Act, 2017.
- FORM GSTR-9C is mandatory for certain taxpayers, and if it is delayed beyond the due date then, late fee is applicable.
Waiver of Late Fee for FORM GSTR-9C (2017-18 to 2022-23)
Late Fee Waiver
- As per the notification, the GST Council waived the late fee u/s 47 of the CGST Act for filing GSTR-9C for the financial years 2017-18 to 2022-23.
Applicable To
- The waiver applies to taxpayers who had to file GSTR-9C along with GSTR-9 but failed to do so on time.
Condition For Waiver
- The waiver is conditional upon the filing of FORM GSTR-9C and it must be filed on or before March 31, 2025.
No Refund Clause
- No refund will be granted for any late fees already paid before this waiver.
Conclusion
The government’s waiver of excess late fees for GSTR-9C filing provides much-needed relief to businesses that missed the deadline.
Taxpayers who were required to file both GSTR-9 and GSTR-9C but delayed in submitting GSTR-9C should take advantage of this opportunity and submit by March 31, 2025, to avoid additional penalties.
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