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GSTR-9C Reconciliation Statement

GSTR-9C serves as a crucial reconciliation statement that aligns a companyu2019s audited financials with its annual GST returns, ensuring accuracy, transparency, and compliance for larger businesses. It helps identify mismatches, incorrect ITC claims, and reporting gaps that may impact audits. SKMC Global supports businesses with detailed data reconciliation, vendor compliance review, documentation accuracy, and end-to-end coordination with auditors, ensuring smooth and error-free GSTR-9C filing.

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GSTR-9C Reconciliation Statement

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  1. GSTR-9C: RECONCILIATION STATEMENT GSTR-9C is a reconciliation statement that compares a business’s audited financial statements with its annual GST returns to ensure accuracy and compliance. It serves as a financial audit checkpoint, helping identify mismatches, reporting gaps, and tax liabilities. This filing strengthens transparency and ensures the business meets its annual GST obligations. KEY CHALLENGES 1.Data consolidation is difficult due to multiple systems like billing tools, ERPs, and spreadsheets. 2.Poor data quality directly affects readiness for GSTR-9/GSTR-9C applicability. 3.Inconsistent vendor compliance creates ITC mismatches and delays reconciliation. 4.Businesses now include vendor-compliance clauses to strengthen supply-chain GST discipline. 5.Regular monthly/quarterly internal reconciliations prevent year-end pile-ups. 6.ERP–GST integration and proper mapping of income/expense ledgers improve accuracy. 7.Maintaining updated documents (debit/credit notes, amendments) and overall compliance discipline ensures smooth GSTR-9C filing without last-minute pressure. HOW SKMC GLOBAL CAN HELP? SKMC Global manages complete data reconciliation between financial statements and GST returns for accurate GSTR-9C filing. Review ITC claims, vendor compliance, and transaction mismatches to prevent audit issues. Assists in preparing supporting documents, adjustments, and audit-ready records. SKMC Global ensures end-to-end coordination with auditors and provides compliance guidance for smooth GSTR-9C submission. +91 989-125-5499 info@skmcglobal.com www.skmcglobal.com

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