GSTN Issues Important Advisory for GSTR Annual Return and Reconciliation Statement 99C for FY 2024‑25

The Goods and Services Tax Network (GSTN) has issued an important advisory for taxpayers regarding the filing of GSTR-9 (Annual Return) and the new reconciliation statement Form 99C for FY 2024–25. The advisory highlights that taxpayers must ensure consistency between monthly/quarterly returns (GSTR-1, GSTR-3B) and the annual return. Key areas under focus include outward and inward supplies, Input Tax Credit (ITC), and adjustments. GSTN emphasized that inconsistencies or mismatches may trigger scrutiny, notices, or audits. Taxpayers are advised to maintain detailed documentation to support entries and reconcile books in advance. Form 99C is expected to streamline the reconciliation process, and GSTN's advisory aims to ensure error-free filings that align with pre-filled data and existing returns. This move is aimed at improving compliance quality and reducing litigation risk through proactive reconciliation and accuracy.