GSTR-9C: New Advisory on Reconciliation Statement

Quick Summary

GSTN has issued an advisory regarding the GSTR-9C reconciliation statement. Taxpayers are advised to declare transactions by tax rate for the relevant financial year. Specifically, amounts for tax rates of 1%, 1.5%, and 7.5% should be reported under the 'Others' label in tables 9 and 11, and section V of the form, where applicable.

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.

Thanking you,
Team GSTN

FAQ :

The GSTR-9C reconciliation statement requires taxpayers to declare transactions by tax rate for the concerned financial year.

Tax amounts pertaining to tax rates of 1%, 1.5%, and 7.5% should be made in the row/label 'Others' within tables 9 and 11, and section V of the form.

Tables 9 and 11, along with section V, are specifically mentioned in the advisory for reporting certain tax rates.

The advisory was issued by Team GSTN.

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