Know the things about GSTR-9 & 9C filing for FY 2024-25 | Fusion - WeRIndia

The GST portal has now enabled the filing of GSTR-9 (Annual Return) and GSTR-9C (Reconciliation Statement) for FY 2024–25.

With the December 31, 2025, deadline in place, businesses must gear up early to ensure accurate and timely compliance.

Here are a few key filing guidelines and changes:

No Extension Expected This Year

In recent years, the GST authorities have avoided granting extensions. Hence, plan your filings to meet the original deadline without relying on last-minute changes.

Know Your Turnover Obligations

• Turnover ≤ ₹2 crore: GSTR-9 and 9C not required (permanent exemption).
• ₹2 crore–₹5 crore: Only GSTR-9 required.
• Above ₹5 crore: Both GSTR-9 and 9C are mandatory.

Major Form Changes in FY 2024-25

• Separate ITC disclosure: ITC from previous and current years must be shown separately in Table 6.
• Rule-wise ITC reversals: Detailed breakup under Rules 37, 38, 42, 43, and Section 17(5).
• Table 9 and 9C changes: Improved clarity and validations in tax payment splits and reconciliation.

Focus on ITC Reconciliation

• Table 8: Match ITC claimed in returns vs. GSTR-2B.
• Table 12 (GSTR-9C): Reconcile ITC as per books vs. GSTR-9.
• Errors here often arise from missing journal entries or incorrect classifications.

Review Past Filings

Analyse past year GSTR-9 and 9C filings to identify recurring errors. This helps avoid repeated mistakes and streamlines current filings.

Documentation Is Key

Maintain robust, year-round records of invoices, returns, credit notes, HSN summaries, and reconciliations. Every figure reported should be traceable to source data.

Match Monthly Returns with Books

Ensure GSTR-1 and 3B filings align with your financial records. Corrections must be done before October 2025 filings.

Penalties for Late Filing

• GSTR-9: ₹200/day (₹100 CGST + ₹100 SGST), capped at 0.25% of turnover.
• GSTR-9C: No fixed late fee, but non-filing can attract up to ₹50,000 penalty under Section 125.

Build a timeline leading to the due date. Include milestones like:

• Monthly reconciliation checks
• ITC claim reviews
• Internal audits
• Documentation finalization

With tighter rules and improved validations, compliance accuracy is now non-negotiable.

Start early, track data thoroughly, and avoid penalties by ensuring timely filing of GSTR-9 and 9C.

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