.svg)
Simplify your year-end GSTR-9 & 9C with easy filing and reconciliation
Consolidate all your monthly or quarterly GST returns  filed within the year with GSTR-9, and eliminate year-end compliance stress with GSTR-9C, ready before December 31st of the next financial year.
Talk to Sales
.svg)
Safe and secure. Compliant with RBI guidelines & IndAS
.webp)
Talk to Sales
Safe and secure. Compliant with RBI guidelines & IndAS
Trusted by more than 3000 companies
The Problem Today
Manual consolidation of monthly data, managing multiple GSTINs, and ensuring accurate reconciliation only adds to the compliance burden
Manually consolidating monthly returns and ensuring accurate year-end reconciliation with GSTR-9 and GSTR-9C is time-consuming and error-prone.
Compliance is ignored
Invoices are rarely checked for compliance issues - struck off PANs, incorrect GST, MSME,
e-invoice checks and more.
No central database
Invoices and vendor data is distributed, and often inaccessible when required for audits and future reference.
Unreliable OCR systems
Legacy OCR scanning only offers about 65% accuracy, reducing trust in the system and leaving invoices to be checked manually.
The Problem Today
AP teams spend 100s of hours booking invoices
This is not only a waste of time and productivity, but many a times the invoice booking process has compliance loopholes, uses outdated technology and there is no central storage system for audit readiness and future reference.
Compliance is ignored
Invoices are rarely checked for compliance issues - struck off PANs, incorrect GST, MSME,
e-invoice checks and more.
No central database
Invoices and vendor data is distributed, and often inaccessible when required for audits and future reference.
Unreliable OCR systems
Legacy OCR scanning only offers about 65% accuracy, reducing trust in the system and leaving invoices to be checked manually.
Time-Consuming Annual Data Uploads
Uploading sales and purchase data monthly is inefficient and cumbersome, causing delays and increased workload.
Managing Multiple GSTINs
Handling separate uploads for each GSTIN leads to disorganization and increased risk of errors in data consolidation.
Identifying Reconciliation Differences
Manually identifying and resolving reconciliation differences is time-consuming and error-prone, leading to inaccuracies in GSTR 9 filings.
Automate data uploads, reconciliation, and reporting to eliminate manual processes and, ensuring seamless compliance with GSTR-9 & 9C
Achieve Invoice-Level Precision
Detailed Reconciliation of Purchase Data with Table 8A
Reconcile purchase data with Table 8A at the invoice level. Ensure detailed and accurate matching of your purchases for precise reporting.
.webp)
Manage multiple GSTINs
Consolidate Multiple GSTIN Data in a Single File
Upload sales and purchase registers at the PAN level in a single file. Manage multiple GSTINs efficiently without the hassle of separate uploads.
.webp)
Data reconciliation
Accurate Reconciliation of Registers with General Ledgers
Reconcile data from the Sales register with the revenue GL and the Purchase register with the expense GL. This ensures consistency and accuracy in your financial records.
.webp)
Verify Your Tax Filings
Comprehensive Comparison with Filed GSTR 1 and GSTR 3B
Compare data from your books of accounts with filed GSTR 1 and GSTR 3B. Identify discrepancies early to ensure accurate and compliant tax filings.
.webp)
Seamless linking
Seamless Linking of GSTR 9 Data to GSTR 9C
Automatically link details from GSTR 9 to the respective fields in GSTR 9C. This seamless integration simplifies the preparation of your annual returns.
Explore our entire suite of Corporate Finance Automation Products
.svg)
.svg)
.svg)
.svg)
.svg)
Unlock the potential of your finance team & boost productivity 10x. Let us show you how.
Book a free demo
FEATURED IN
Audit Readiness with GSTR-9 and 9C and Its Impact on Business?
Audit readiness with GSTR-9 and GSTR-9C involves preparing your GST filings to be precise, complete, and compliant with regulations. This preparation includes a thorough review and reconciliation of your annual return GSTR-9 and the reconciliation statement GSTR-9C. Ensuring accuracy in these filings minimizes the risk of discrepancies, avoids penalties, and addresses late filing fees effectively. Being proactive in audit readiness helps safeguard against financial inaccuracies and facilitates smooth audits. By maintaining compliance with GSTR-9 and GSTR-9C applicability, businesses can enhance their credibility and operational efficiency. This commitment to accurate GST annual return filings demonstrates adherence to tax regulations, fostering trust with stakeholders and contributing to overall business health. Preparing diligently for GSTR-9 and GSTR-9C filings, including the use of forms like GSTR-9 and GSTR-9C, reflects a strong commitment to transparency and reduces regulatory risks.
When to Implement Audit Readiness with GSTR-9 and 9C
1. Post-Quarterly Filings: Begin preparations after each quarterly GSTR-1 and GSTR-3B filing to identify and address any issues early, setting the stage for smooth GSTR-9 and GSTR-9C submissions.
2. End of Financial Year: Conduct a comprehensive review and reconciliation at the close of the financial year to ensure accuracy in your annual return GST filings and prepare for GSTR-9 and GSTR-9C.
3. Ahead of Deadlines: Start audit readiness activities well before the submission deadlines to avoid last-minute issues and ensure timely filing of GSTR-9 and GSTR-9C.
4. Following Regulatory Updates: Adjust your processes in response to changes in GST laws to maintain compliance with GSTR-9 and GSTR-9C requirements, minimizing the risk of late fees and regulatory complications.
2. End of Financial Year: Conduct a comprehensive review and reconciliation at the close of the financial year to ensure accuracy in your annual return GST filings and prepare for GSTR-9 and GSTR-9C.
3. Ahead of Deadlines: Start audit readiness activities well before the submission deadlines to avoid last-minute issues and ensure timely filing of GSTR-9 and GSTR-9C.
4. Following Regulatory Updates: Adjust your processes in response to changes in GST laws to maintain compliance with GSTR-9 and GSTR-9C requirements, minimizing the risk of late fees and regulatory complications.
Benefits of Audit Readiness with GSTR-9 and 9C
Minimized Audit Disruptions
Being well-prepared for GSTR-9 and GSTR-9C can lead to smoother audits and minimize prolonged disruptions, ensuring that the annual return GST process is efficient.
Greater Financial Control
Accurate filings of GSTR-9 and GSTR-9C provide valuable insights into financial health, aiding strategic decision-making and improving control over your GST yearly return.
Increased Regulatory Confidence
Demonstrating preparedness with GSTR-9 and GSTR-9C forms enhances trust with tax authorities and stakeholders, reinforcing your commitment to compliance and reducing risks associated with late fees and regulatory issues.
Master GSTR 9 and 9C Filing with Cashflo’s Complete GST Solution
1. Seamless ERP Connectivity: Cashflo’s premium GST filing solution offers seamless integration with your ERP system, simplifying the filing of GSTR 9 and GSTR 9C directly from your platform.
2. Unified Filing Dashboard: Effortlessly track the status of your GST returns, including GSTR 9 and GSTR 9C, on Cashflo's user-friendly single dashboard, enhancing your filing experience.
3. Precision Matching Engine: Achieve 100% accurate Input Tax Credit (ITC) claims with Cashflo’s advanced matching tool, reducing errors and optimizing your annual return GST process.
4. Secure Data Assurance: Cashflo’s desktop-based GST filing solution ensures 100% data security, safeguarding your sensitive information during the filing of GSTR 9 and GSTR 9C.
5. Expert Assistance Network: Leverage Cashflo’s expert team for comprehensive support in filing GSTR 9 and GSTR 9C, resolving queries, and ensuring a smooth GST yearly return process.
2. Unified Filing Dashboard: Effortlessly track the status of your GST returns, including GSTR 9 and GSTR 9C, on Cashflo's user-friendly single dashboard, enhancing your filing experience.
3. Precision Matching Engine: Achieve 100% accurate Input Tax Credit (ITC) claims with Cashflo’s advanced matching tool, reducing errors and optimizing your annual return GST process.
4. Secure Data Assurance: Cashflo’s desktop-based GST filing solution ensures 100% data security, safeguarding your sensitive information during the filing of GSTR 9 and GSTR 9C.
5. Expert Assistance Network: Leverage Cashflo’s expert team for comprehensive support in filing GSTR 9 and GSTR 9C, resolving queries, and ensuring a smooth GST yearly return process.
Key Rules for Filing GSTR 9 and GSTR 9C: What You Need to Know
1. Applicability: GSTR-9 is required for taxpayers with turnover over Rs. 2 crores. GSTR-9C involves reconciliation and audit certification.
2. Filing Timeline: Both must be filed annually, typically by December 31st of the following year.
3. Reconciliation Requirements: GSTR-9 summarizes supplies and taxes, reconciled with monthly returns. GSTR-9C requires reconciling financial statements with GSTR-9.
4. Data Preparation: Gather data from GSTR-1, GSTR-2A, and GSTR-3B for GSTR-9. For GSTR-9C, reconcile financial records with GST returns.
‍
5. Information to be Furnished: GSTR-9 details sales, purchases, ITC, and taxes; GSTR-9C involves detailed reconciliation and certification by a chartered accountant.
6. Penalties for Non-Compliance: Late or incorrect filing incurs fines and interest. Timely and accurate submission is essential.
2. Filing Timeline: Both must be filed annually, typically by December 31st of the following year.
3. Reconciliation Requirements: GSTR-9 summarizes supplies and taxes, reconciled with monthly returns. GSTR-9C requires reconciling financial statements with GSTR-9.
4. Data Preparation: Gather data from GSTR-1, GSTR-2A, and GSTR-3B for GSTR-9. For GSTR-9C, reconcile financial records with GST returns.
‍
5. Information to be Furnished: GSTR-9 details sales, purchases, ITC, and taxes; GSTR-9C involves detailed reconciliation and certification by a chartered accountant.
6. Penalties for Non-Compliance: Late or incorrect filing incurs fines and interest. Timely and accurate submission is essential.
Challenges of GSTR 9 and 9C
1. Complex Data Reconciliation: Aligning sales and purchase data with GSTR-9 and GSTR-9C can be time-consuming and error-prone.
2. Document Collection: Gathering all necessary documents for accurate filing can be overwhelming and tedious.
3. ITC Accuracy: Calculating and claiming Input Tax Credit (ITC) requires meticulous verification, affecting the accuracy of filings.
4. Time-Consuming: Manual preparation and filing of GSTR-9 and GSTR-9C can be labor-intensive with large data volumes.
5. Regulatory Changes: Frequent GST regulation updates can complicate the filing process.
6. Error Rectification: Identifying and correcting errors in filings can be difficult, leading to delays and potential fines.
2. Document Collection: Gathering all necessary documents for accurate filing can be overwhelming and tedious.
3. ITC Accuracy: Calculating and claiming Input Tax Credit (ITC) requires meticulous verification, affecting the accuracy of filings.
4. Time-Consuming: Manual preparation and filing of GSTR-9 and GSTR-9C can be labor-intensive with large data volumes.
5. Regulatory Changes: Frequent GST regulation updates can complicate the filing process.
6. Error Rectification: Identifying and correcting errors in filings can be difficult, leading to delays and potential fines.
Frequently Asked Questions
What is GSTR 9?
.svg)
What is GSTR 9C?
Who needs to file GSTR 9 and 9C?
What documents are required for filing GSTR 9 and 9C?
How can I ensure accuracy in my GSTR 9 and 9C filings?
What are the penalties for incorrect or late filing of GSTR 9 and 9C?
How can Cashflo assist with GSTR 9 and 9C filings?
Power your corporate finance team with CashFlo
Speak to an expert from our team to see how CashFlo can help you automate and elevate your corporate finance function
Book a free demo
FEATURED IN
FEATURED IN
