Quick Summary
Advisory on Reconciliation Statement (GSTR-9C)
Reconciliation statement to be filed in Form GSTR-9C requires the tax rate wise declaration of transactions for the concerned financial year. In the said form, tax amount pertaining to tax rates 1%, 1.5% and 7.5% in section III (table 9 and 11) and section V may be made in row/ under label ‘Others’ of the said tables, wherever applicable.
Advisory on Annual Return (GSTR-9)
The taxpayers are advised to ensure that values are reported upto two decimal places in the GSTR9 offline utility. The error “Error! Invalid Summary payload” after uploading the JSON created from the Offline Utility of GSTR-9 is reported due to reporting values upto three decimal places instead of two decimals
FAQ :
For GSTR 9C, tax amounts for rates 1%, 1.5%, and 7.5% in sections III (tables 9 and 11) and V should be reported under the 'Others' label.
Taxpayers filing GSTR 9 should ensure all reported values are up to two decimal places in the offline utility.
This error occurs when values are reported with up to three decimal places instead of the required two decimal places in the GSTR-9 offline utility.
Tax rates of 1%, 1.5%, and 7.5% should be declared under the 'Others' category in tables 9 and 11, and section V of GSTR 9C.
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