GSTR 9C – CBIC Issues Guidelines on Uploading Error of BS & P/L Statement

The set of guidelines has been issued by the Central Board of Indirect Taxes and Customs (CBIC) related to errors while uploading Balance Sheet and Profit and Loss statement with GSTR 9C audit form.

CBIC commanded that documents such as the Balance sheet and Profit & loss statement/income & Expenditure Statement keywords that are used in office networks should not be uploaded as these contain confidential information. The panel further conveys that, if there is an open secure network to channelize such documents then all these could be uploaded successfully.

About GSTR 9C Reconciliation Statement

An annual return form used to mention the details like the outward and inward supplies made/received during the relevant & previous year under various tax heads i.e. CGST, SGST & IGST and HSN codes. GSTR 9C form includes comprehensive information of monthly & quarterly returns (GSTR-1, GSTR 2A, GSTR 3B) for that relevant year.

The form being complex in nature allows the reconciliation of data for genuine data disclosure.

To be noted: The Last date of GSTR 9 (Annual Returns) A simple guide to GSTR 9 (GST annual return form) online filing procedure with due dates. We attached all screenshots and divided into 19 sections. Read Also and GSTR 9C (Reconciliation Statement) for the Financial Year 2017-18 is 31 January 2020.

Delay in filing of GSTR 9C annual return form Get the easy guide to GSTR 9C along with complete online return filing process. GSTR 9C is a GST audit form for taxpayers having turnover more than 2 crores. Read Also will attract the penalty of Rs. 200 (100 under CGST and 100 under SGST) per day (until the delay continues) on the defaulter. The maximum penalty charged by the administration can only be 0.25% of the accused taxpayer’s annual turnover (in the relevant state or UT). No late fees is yet confirmed for IGST.