Notification no 49/2018 Central Tax date on 13th September, 2018, GST

ottom" width="65">

tax

 

 

/ UT tax

 

 

 

 

 

 

 

 

 

 

Description

 

 

Value

 

 

 

 

 

 

 

 

 

 

 

e

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1

 

 

2

 

3

 

4

 

 

 

5

 

6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

12%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

18%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

28%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

0.25%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

0.10%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Input Tax

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Credit

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Late Fee

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Penalty

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Any other

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

amount paid

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

for supplies

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

not included

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

in Annual

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Return

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(GSTR 9)

 

 

Erroneous

refund to be

paid back

 

Outstanding

demands to

be settled

 

Other (Pl.

specify)

 

 

Verification:

 

I hereby solemnly affirm and declare that the information given herein above is true and correct to the best of my knowledge and belief and nothing has been concealed there from.

 

**(Signature and stamp/Seal of the Auditor)

 

Place: ……………

 

Name of the signatory …………………

 

Membership No………………

 

Date: ……………

 

Full address ………………………

 

Instructions: –

 

  1. Terms used:

 

(a)  GSTIN: Goods and Services Tax Identification Number

 

  1. The details for the period between July 2017 to March 2018 are to be provided in this statement for the financial year 2017-18. The reconciliation statement is to be filed for every GSTIN separately.

 

  1. The reference to current financial year in this statement is the financial year for which the reconciliation statement is being filed for.

 

  1. Part II consists of reconciliation of the annual turnover declared in the audited Annual Financial Statement with the turnover as declared in the Annual Return furnished in FORM GSTR-9 for this GSTIN. The instructions to fill this part are as follows :-

 

Table No.

Instructions

 

 

5A

The turnover as per the audited Annual Financial Statement shall be declared

 

here. There may be cases where multiple GSTINs (State-wise) registrations

 

exist on the same PAN. This is common for persons / entities with presence

 

over multiple States. Such persons / entities, will have to internally derive

 

their GSTIN wise turnover and declare the same here. This shall include

 

export turnover (if any). It may be noted that reference to audited Annual

 

Financial Statement includes reference to books of accounts in case of persons

 

/ entities having presence over multiple States.

 

 

5B

Unbilled revenue which was recorded in the books of accounts on the basis of

 

accrual system of accounting in the last financial year and was carried forward

 

to the current financial year shall be declared here. In other words, when GST

 

is payable during the financial year on such revenue (which was recognized

 

earlier), the value of such revenue shall be declared here.

 

(For  example,  if  rupees  Ten   Crores  of  unbilled  revenue  existed  for  the

 

financial year 2016-17, and during the current financial year, GST was paid on

 

rupees Four  Crores of such revenue, then value of rupees Four Crores rupees

 

shall be declared here)

 

 

5C

Value of all advances for which GST has been paid but the same has not been

 

recognized as revenue in the audited Annual Financial Statement shall be

 

declared here.

 

 

5D

Aggregate value of deemed supplies under Schedule I of the CGST Act, 2017

 

shall  be  declared  here.  Any deemed  supply  which  is  already part  of  the

 

turnover  in  the  audited  Annual  Financial  Statement  is  not  required  to  be

 

included here.

 

 

5E

Aggregate valp>

 

 

14

This table is for reconciliation of ITC declared in the Annual Return (GSTR9)

 

against the expenses booked in the audited Annual Financial Statement or

 

books of account. The various sub-heads specified under this table are general

 

expenses in the audited Annual Financial Statement or books of account on

 

which ITC may or may not be available. Further, this is only an indicative list

 

of heads under which expenses are generally booked. Taxpayers may add or

 

delete any of these heads but all heads of expenses on which GST has been

 

paid / was payable are to be declared here.

 

 

14R

Total ITC declared in Table 14A to 14Q above shall be auto populated here.

 

 

14S

Net ITC availed as declared in the Annual Return (GSTR9) shall be declared

 

here. Table 7J of the Annual Return (GSTR9) may be used for filing this

 

Table.

 

 

15

Reasons for non-reconciliation between ITC availed on the various expenses

 

declared in Table 14R and ITC declared in Table 14S shall be specified here.

 

 

16

Any amount which is payable due to reasons specified in Table 13 and 15

 

above shall be declared here.

 

 

 

  1. Part V consists of the auditor’s recommendation on the additional liability to be discharged by the taxpayer due to non-reconciliation of turnover or non-reconciliation of input tax credit. The auditor shall also recommend if there is any other amount to be paid for supplies not included in the Annual Return. Any refund which has been erroneously taken and shall be paid back to the Government shall also be declared in this table. Lastly, any other outstanding demands which is recommended to be settled by the auditor shall be declared in this Table.

 

  1. Towards, the end of the reconciliation statement taxpayers shall be given an option to pay their taxes as recommended by the auditor.

 

 

PART – B- CERTIFICATION

 

  1. I.                   Certification in cases where the reconciliation statement (FORM GSTR-9C) is drawn up by the person who had conducted the audit:

 

 

*  I/we have examined the—

 

(a)  balance sheet as on ………

 

(b)   the *profit and loss account/income and expenditure account for the period beginning from ………..…to ending on ……., and

 

(c) the cash flow statement for the period beginning from ……..…to ending on ………, —

 

attached herewith, of M/s …………… (Name), …………………….………… (Address),

 

..…………………(GSTIN).

 

2. Based on our audit I/we report that the said registered person—

 

*has maintained the books of accounts, records and documents as required by the IGST/CGST/<<>>GST Act, 2017 and the rules/notifications made/issued thereunder

 

*has   not   maintained   the   following   accounts/records/documents    as   required    by   the

&

 Central Tax Notification No 49 of 2018 dt 13th September, 2018 under GST

  

Notification amending the CGST Rules, 2017 (Tenth Amendment Rules, 2018) 

The extract of GST Notification No. 49/2018- Central Tax is given below: 

   Notification No. 49/2018- Central Tax, GST

[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)]

 

Government of India

Ministry of Finance

(Department of Revenue)

Central Board of Indirect Taxes and Customs 

Notification No. 49/2018 – Central Tax

 

New Delhi, the 13th September, 2018

 

G.S.R……(E).-  In exercise of the powers conferred by section 164 of the Central Goods and

 

Services Tax Act, 2017 (12 of 2017), the Central Government hereby makes the following rules further to amend the Central Goods and Services Tax Rules, 2017, namely:-

 

  1. (1) These rules may be called the Central Goods and Services Tax (Tenth Amendment) Rules, 2018.

 

(2) They shall come into force on the date of their publication in the Official Gazette.

 

  1. In the FORMS to the Central Goods and Services Tax Rules, 2017, after FORM GSTR-9A, the following shall be inserted, namely:-

 

“FORM GSTR-9C

 

See rule 80(3)

 

PART – A - Reconciliation Statement

 

 

Pt. I

 

 

 

 

 

Basic Details

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial

 

 

 

 

 

 

 

 

 

 

1

 

 

Year

 

 

 

 

 

 

 

 

 

 

 

 

GSTIN

 

 

 

 

 

 

 

 

 

 

2

 

 

 

 

 

 

 

 

 

 

 

 

3A

 

 

Legal Name

 

 

< Auto>

 

 

 

 

 

 

 

Trade Name

 

 

 

 

 

 

 

 

 

 

3B

 

 

(if any)

 

 

 

<Auto>

 

 

 

 

4

 

 

Are you liable to audit under any Act?

 

 

<<Please specify>>

 

 

 

 

 

 

 

 

(Amount in ? in all tables)

 

Pt.

 

 

Reconciliation of turnover declared in audited Annual Financial Statement with

 

II

 

 

 

 

 

turnover declared in Annual Return (GSTR9)

 

5

 

 

 

 

 

Reconciliation of Gross Turnover

 

 

 

 

Turnover (including exports) as per audited financial

 

 

 

 

A

 

 

statements for the State / UT (For multi-GSTIN units under

 

 

 

IGST/CGST/<<>>GST Act, 2017 and the rules/notifications made/issued thereunder:

 

1.

 

2.

 

3.

 

  1. (a) *I/we report the following observations/ comments / discrepancies / inconsistencies; if any:

 

…………………………………….

 

…………………………………….

 

3. (b) *I/we further report that, -

 

(A)   *I/we have obtained all the information and explanations which, to the best of *my/our knowledge and belief, were necessary for the purpose of the audit/ information and explanations which, to the best of *my/our knowledge and belief, were necessary for the purpose of the audit were not provided/partially provided to us.

 

(B)   In *my/our opinion, proper books of account *have/have not been kept by the registered person so far as appears from*my/ our examination of the books.

 

(C)   I/we certify that the balance sheet, the *profit and loss/income and expenditure account and the cash flow Statement are *in agreement/not in agreement with the books of account maintained at the Principal place of business at ……………………and **

 

……………………additional place of business within the State.

 

  1. The documents required to be furnished under section 35 (5) of the CGST Act and Reconciliation Statement required to be furnished under section 44(2) of the CGST Act is annexed herewith in Form No. GSTR-9C.

 

  1. In *my/our opinion and to the best of *my/our information and according to explanations given to *me/us, the particulars given in the said Form No.GSTR-9C are true and correct subject to following observations/qualifications, if any:

 

(a)  ……………………………………………………………………………………

 

(b)  ……………………………………………………………………………………

 

(c)  ……………………………………………………………………………………

 

………………………………………

 

………………………………………

 

**(Signature and stamp/Seal of the Auditor)

 

Place: ……………

 

Name of the signatory …………………

 

Membership No………………

 

Date: ……………

 

Full address ………………………

 

  1. II.  Certification in cases where the reconciliation statement (FORM GSTR-9C) is drawn up by a person other than the person who had conducted the audit of the accounts:

 

*I/we report that the audit of the books of accounts and the financial statements of M/s.

 

………...........………………….  (Name   and   address  of  the  assessee   with  GSTIN)  was

 

conducted by M/s. …………………………………………..………. (full name and address

 

of auditor along with status), bearing membership number in pursuance of the provisions of the …………………………….Act, and *I/we annex hereto a copy of their audit report dated

 

……………………………. along with a copy of each of :-

 

(a)  balance sheet as on ………

 

(b)  the *profit and loss account/income and expenditure account for the period beginning from ………..…to ending on …….,

 

(c)  the cash flow statement for the period beginning from ……..…to ending on ………, and

 

(d)  documents declared by the said Act to be part of, or annexed to, the *profit and loss account/income and expenditure account and balance sheet.

 

2. I/we report that the said registered person—

 

*has maintained the books of accounts, records and documents as required by the IGST/CGST/<<>>GST Act, 2017 and the rules/notifications made/issued thereunder 

*has not maintained the following accounts/records/documents as required by the 

IGST/CGST/<<>>GST Act, 2017 and the rules/notifications made/issued thereunder:

 1.

 2.

 3.

 

  1. The documents required to be furnished under section 35 (5) of the CGST Act and Reconciliation Statement required to be furnished under section 44(2) of the CGST Act is annexed herewith in Form No.GSTR-9C.

 

  1. In *my/our opinion and to the best of *my/our information and according to examination of books of account including other relevant documents and explanations given to *me/us, the particulars given in the said Form No.9C are true and correct subject to the following observations/qualifications, if any:

 

(a)  …………………………….…………………………….………………………

 

(b)  …………………………….…………………………….………………………

 

(c)  …………………………….…………………………….………………………

 

………………………………………

 

**(Signature and stamp/Seal of the Auditor)

 

Place: …………… 

Name of the signatory …………………

Membership No……………… 

Date: …………… 

Full address ………………………?. 

 

[F. No. 349/58/2017-GST (Pt.)] 

 

 

(Gunjan Kumar Verma)

 

Under Secretary to the Government of India

 

Note:- The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide notification No. 3/2017-Central Tax, dated the 19th June, 2017, published vide number G.S.R 610 (E), dated the 19th June, 2017 and last amended vide notification No. 48/2018-Central Tax, dated the 10th September, 2018, published vide number G.S.R 859 (E), dated the 10th September, 2018.

<<Text>>

 

 

 

 

B

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

<<Text>>

 

 

 

 

 

 

Reason 2

 

 

 

 

 

 

 

 

 

 

 

 

 

C

 

 

Reason 3

 

 

 

 

 

 

 

 

 

<<Text>>

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pt.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

III

 

 

 

 

 

 

 

 

Reconciliation of tax paid

 

 

 

 

 

 

 

 

 

9

 

 

Reconciliation of rate wise liability and amount payable thereon

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tax payable

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Central

 

 

State tax

 

 

 

 

 

 

 

 

 

Cess, if

 

 

 

 

 

Description

 

 

 

Taxable Value

 

 

 

 

 

 

 

Integrated Tax

 

 

applicabl

 

 

 

 

 

 

 

 

 

 

 

tax

 

 

/ UT tax

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

e

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1

 

 

 

2

 

 

 

3

 

 

4

 

 

 

5

 

6

 

 

A

 

 

5%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

B

 

 

5% (RC)

 

 

 

 

 

 

 

 

 

 

 

 

 

same PAN the turnover shall be derived from the audited

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Annual Financial Statement)

 

 

 

 

B

 

 

Unbilled revenue at the beginning of Financial Year

 

 

(+)

 

 

 

C

 

 

Unadjusted advances at the end of the Financial Year

 

 

(+)

 

 

 

D

 

 

Deemed Supply under Schedule I

 

 

(+)

 

 

 

E

 

 

Credit Notes issued after the end of the financial year

 

 

(+)

 

 

 

 

 

but reflected in the annual return

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

F

 

 

Trade Discounts accounted for in the audited Annual

 

 

(+)

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial Statement but are not permissible under GST

 

 

 

 

 

 

 

 

 

 

 

 

G

 

 

Turnover from April 2017 to June 2017

 

 

 

(-)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

H

 

 

Unbilled revenue at the end of Financial Year

 

 

 

(-)

 

 

 

 

 

 

 

 

I

 

 

Unadjusted Advances at the beginning of the Financial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year

 

 

 d>

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

C

 

 

12%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

D

 

 

12% (RC)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

E

 

 

18%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

F

 

 

18% (RC)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

G

 

 

28%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

H

 

 

28% (RC)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

;

 

 

 

 

 

(-)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

J

 

 

Credit notes accounted for in the audited Annual

 

 

 

(-)

 

 

 

 

 

 

 

 

 

 

Financial Statement but are not permissible under GST

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

K

 

 

Adjustments on account of supply of goods by SEZ

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

I

 

 

3%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

J

 

 

0.25%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

K

 

 

0.10%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

L

 

 

Interest

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

M

 

 

Late Fee

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

N

 

 

Penalty

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

O

 

 

Others

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

P

 

 

Total amount to be paid as per

 

 

 

 

 

 

 

units to DTA Units

 

 

 

 

 

 

 

(-)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

L

 

 

Turnover for the period under composition scheme

 

 

 

(-)

 

 

 

 

 

 

 

 

M

 

 

Adjustments in turnover under section 15 and rules

 

 

 

(+/-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

thereunder

 

 

 

 

 

 

 

 

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

N

 

 

Adjustments in turnover due to foreign exchange

 

 

 

(+/-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

fluctuations

 

 

 

 

 

 

 

 

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

O

 

 

Adjustments in turnover due to reasons not listed above

 

 

 

(+/-

 

 

 

 

 

 

 

 

 

 

 

 

 

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

P

 

 

Annual turnover after adjustments as above

 

 

 

<Auto>

 

 

Q

 

 

Turnover as declared in Annual Return (GSTR9)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

R

 

 

 

 

 

Un-Reconciled turnover (Q - P)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

AT1

 

 

6

 

 

Reasons for Un - Reconciled difference in Annual Gross Turnover

 

 

A

 

 

Reason 1

 

 

 

 

 

 

 

 

 

<<Text>>

 

 

 

 

B

 

 

Reason 2

 

 

 

 

 

 

 

 

 

<<Text>>

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

C

 

 

Reason 3

 

 

 

 

 

 

 

 

 

<<Text>>

 

 

 

 

 

 

 

 

 

 

 

 

st of March for any

 

 

>

 

 

 

 

 

 

 

supply accounted in the current financial  year but such credit notes were

 

reflected in the annual return (GSTR-9)shall be declared here.

 

 

5F

Trade discounts  which  are accounted for in the  audited Annual Financial

 

Statement but on which GST was leviable(being not permissible) shall be

 

declared here.

 

 

5G

Turnover included in the audited Annual Financial Statement for April 2017 to

 

June 2017 shall be declared here.

 

 

5H

Unbilled revenue which was recorded in the books of accounts on the basis of

 

accrual system of accounting during the current financial year but GST was

 

not payable on such revenue in the same financial year shall be declared here.

 

 

5I

Value of all advances for which GST has not been paid but the same has been

 

recognized as revenue in the audited Annual Financial Statement shall be

 

declared here.

 

 

5J

Aggregate value of credit notes which have been accounted for in the audited

 

Annual Financial Statement but were not admissible under Section 34 of the

 

CGST Act shall be declared here.

 

 

5K

Aggregate value of all goods supplied by SEZs to DTA units for which the

 

DTA units have filed bill of entry shall be declared here.

 

 

5L

There may be cases where registered persons might have opted out of the

 

composition scheme during the current financial year. Their turnover as per

 

the  audited  Annual  Financial  Statement  would  include  turnover  both  as

 

composition taxpayer as well as normal taxpayer. Therefore, the turnover for

 

which GST was paid under the composition scheme shall be declared here.

 

 

5M

There may be cases where the taxable value and the invoice value differ due to

 

valuation  principles  under  section  15  of  the  CGST  Act,  2017  and  rules

 

7

 

 

 

 

 

 

 

 

Reconciliation of Taxable Turnover

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

<Auto

 

 

 

 

 

A

 

 

Annual turnover after adjustments (from 5P above)

 

 

 

 

 

 

 

 

 

 

 

Value of Exempted, Nil Rated, Non-GST supplies, No-Supply

 

 

 

 

 

 

 

 

B

 

 

 

 

 

 

 

 

turnover

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

/ UT tax

 

 

 

 

 

 

 

 

 

Description

 

 

Taxable Value

 

 

 

 

 

 

 

 

 

 

 

e

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2

 

 

 

 

 

 

 

 

5

 

 

 

 

 

 

 

1

 

 

 

 

 

3

 

 

4

 

 

 

 

 

6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

12%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

18%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

thereunder. Therefore, any difference between the turnover reported in the

 

Annual  Return  (GSTR  9)  and  turnover  reported  in  the  audited  Annual

 

Financial Statement due to difference in valuation of supplies shall be declared

 

here.

 

 

5N

Any difference between the turnover reported in the Annual Return (GSTR9)

 

and  turnover  reported  in  the  audited  Annual  Financial  Statement  due  to

 

foreign exchange fluctuations shall be declared here.

 

 

5O

Any difference between the turnover reported in the Annual Return (GSTR9)

 

and  turnover  reported  in  the  audited  Annual  Financial  Statement  due  to

 

reasons not listed above shall be declared here.

 

 

5Q

Annual turnover as declared in the Annual Return (GSTR 9) shall be declared

 

here. This turnover may be derived from Sr. No. 5N, 10 and 11 of Annual

 

Return (GSTR 9).

 

 

6

Reasons for non-reconciliation between the annual turnover declared in the

 

audited Annual Financial Statement and turnover as declared in the Annual

 

Return (GSTR 9) shall be specified here.

 

 

7

The table provides for reconciliation of taxable turnover from the audited

 

annual turnover after adjustments with the taxable turnover declared in annual

 

return (GSTR-9).

 

 

7A

Annual turnover as derived in Table 5P above would be auto-populated here.

 

 

7B

Value  of  exempted,  nil  rated,  non-GST  and  no-supply  turnover  shall  be

 

declared here. This  shall  be reported net of  credit  notes, debit  notes  and

 

amendments if any.

 

 

7C

Value of zero rated supplies (including supplies to SEZs) on which tax is not

 

paid shall be declared here. This shall be reported net of credit notes, debit

 

notes and amendments if any.

 

 

7D

Value of reverse charge supplies on which tax is to be paid by the recipient

 

shall be declared here. This shall be reported net of credit notes, debit notes

 

and amendments if any.

 

 

7E

The taxable turnover is derived as the difference between the annual turnover

 

after adjustments declared in Table 7A above and the sum of all supplies

 

(exempted, non-GST, reverse charge etc.) declared in Table 7B, 7C and 7D

 

above.

 

 

7F

Taxable turnover as declared in Table 4N of the Annual Return (GSTR9) shall

 

be declared here.

 

 

8

Reasons for non-reconciliation between adjusted annual taxable turnover as

 

derived from Table 7E above and the taxable turnover declared in Table 7F

 

shall be specified here.

 

 

  

  1. Part III consists of reconciliation of the tax payable as per declaration in the reconciliation statement and the actual tax paid as declared in Annual Return (GSTR9). The instructions to fill this part are as follows :-

 

Table No.

Instructions

 

 

9

The table provides for reconciliation of tax paid as per reconciliation statement

 

and amount of tax paid as declared in Annual Return (GSTR 9). Under the

 

head labelled ?RC?, supplies where tax was paid on reverse charge basis by

 

the  recipient  (i.e.  the  person  for  whom  reconciliation  statement  has  been

 

prepared ) shall be declared.

 

 

9P

The total amount to be paid as per liability declared in Table 9A to 9O is auto

 

populated here.

 

 

9Q

The amount payable as declared in Table 9 of the Annual Return (GSTR9)

 

shall be declared here. It should also contain any differential tax paid on Table

 

10 or 11 of the Annual Return (GSTR9).

 

10                                Reasons for non-reconciliation between payable / liability declared in Table 9P above and the amount payable in Table 9Q shall be specified here.

 

11                                Any amount which is payable due to reasons specified under Table 6, 8 and 10 above shall be declared here.

  

  1. Part IV consists of reconciliation of Input Tax Credit (ITC). The instructions to fill Part IV are as under:-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

tables above

 

 

<Auto>

 

 

<Auto>

 

 

 

<Auto>

 

 

<Auto>

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Q

 

 

Total amount paid as declared in

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Annual Return (GSTR 9)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

R

 

Table No.

Instructions

 

 

12A

ITC availed (after reversals) as per the audited Annual Financial Statement

 

shall be declared here. There may be cases where multiple GSTINs (State-

 

wise) registrations exist on the same PAN. This is common for persons /

 

entities with presence over multiple States. Such persons / entities, will have

 

to internally derive their ITC for each individual GSTIN and declare the same

 

here. It may be noted that reference to audited Annual Financial Statement

 

includes reference to books of accounts in case of persons / entities having

 

presence over multiple States.

 

 

12B

Any ITC which was booked in the audited Annual Financial Statement of

 

earlier financial year(s)but availed in the ITC ledger in the financial yearfor

 

which the reconciliation statement is being filed for shall be declared here.

 

This shall include transitional credit which was booked in earlier years but

 

availed duringFinancial Year 2017-18.

 

 

12C

Any ITC which has been booked in the audited Annual Financial Statement of

 

the current financial year but the same has not been credited to the ITC ledger

 

for the said financial year shall be declared here.

 

 

12D

ITC availed as per audited Annual Financial Statement or books of accounts

 

as derived from values declared in Table 12A, 12B and 12C above will be

 

auto-populated here.

 

 

12E

Net ITC available for utilization as declared in Table 7J of Annual Return

 

(GSTR9) shall be declared here.

 

 

13

Reasons  for  non-reconciliation  of  ITC  as  per  audited  Annual  Financial

 

Statement  or  books  of  account  (Table  12D)  and  the  net  ITC  (Table12E)

 

 

 

availed in the Annual Return (GSTR9) shall be specified here.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

28%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

0.25%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

0.10%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Late Fee

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Penalty

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Others

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(please

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

specify)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pt.

 

 

 

 

 

Reconciliation of Input Tax Credit (ITC)

 

 

 

ottom" width="31">I

 

IV

 

 

 

 

 

 

 

 

 

 

 

 

 

12

 

 

Reconciliation of Net Input Tax Credit (ITC)

 

 

 

 

 

ITC availed as per audited Annual Financial Statement for the

 

 

 

 

 

 

 

 

State/ UT (For multi-GSTIN units under same PAN this should

 

 

 

 

 

A

 

 

be derived from books of accounts)

 

 

 

 

 

 

 

 

 

 

ITC booked in earlier Financial Years claimed in current

 

 

 

 

 

 

B

 

 

Financial Year

 

(+)

 

 

 

 

 

 

 

 

ITC booked in current Financial Year to be claimed in

 

 

 

 

 

 

C

 

 

subsequent Financial Years

 

(-)

 

 

 

 

 

 

 

 

ITC availed as per audited financial statements or books of

 

 

 

 

 

D

 

 

 

 

account

 

 

 

 

<Auto>

 

 

E

 

 

ITC claimed in Annual Return (GSTR9)

 

 

 

 

 

 

 

 

 

 

 

 

F

 

 

Un-reconciled ITC

 

 

 

 

ITC 1

 

 

 

 

 

 

 

 

 

 

13

 

 

Reasons for un-reconciled difference in ITC

 

 

A

 

 

Reason 1

 

 

 

<<Text>>

 

 

 

 

 

B

 

 

 

 

 

<<Text>>

 

 

 

 

 

 

 

Reason 2

 

 

 

 

 

 

 

 

C

 

 

 

 

 

 

<<Text>>

 

 

 

 

 

 

 

Reason 3

 

 

 

 

 

 

 

 

14

 

 

Reconciliation of ITC declared in Annual Return (GSTR9) with ITC availed on

 

 

 

 

expenses as per audited Annual Financial Statement or books of account

 

 

 

 

 

 

 

 

 

 

Description

Value

 

Amount of

 

 

Amount of eligible

 

 

 

 

 

Total ITC

 

 

ITC availed

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1

 

2

 

3

 

 

4

 

 

A

 

 

Purchases

 

 

 

 

 

 

 

 

 

 

B

 

 

Freight / Carriage

 

 

 

 

 

 

 

 

 

 

C

 

 

Power and Fuel

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Imported goods

 

 

 

 

 

 

 

 

 

 

D

 

 

(Including received

 

 

 

 

 

 

 

 

 

 

 

 

 

from SEZs)

 

 

 

 

 

 

 

 

 

 

E

 

 

Rent and Insurance

 

 

 

 

 

 

 

 

 

 

 

 

 

Goods lost, stolen,

 

 

 

 

 

 

 

 

 

 

F

 

 

destroyed, written off

 

 

 

 

 

 

 

 

 

 

 

 

or disposed of by way

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

of gift or free samples

 

 

 

 

 

 

 

 

 

 

G

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Royalties

 

 

 

 

 

 

 

 

 

 

 

 

 

Employees' Cost

 

 

 

 

 

 

 

 

 

 

H

 

 

(Salaries, wages,

 

 

 

 

 

 

 

 

 

 

 

 

 

Bonus etc.)

 

 

 

 

 

 

 

 

 

 

C

 

 

Zero rated supplies without payment of tax

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

D

 

 

Supplies on which tax is to be paid by the recipient on reverse

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

charge basis

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

E

 

 

Taxable turnover as per adjustments above (A-B-C-D)

 

 

 

<Auto>

 

 

 

 

 

 

 

 

 

 

Conveyance charges

 

 

 

 

 

 

 

 

 

 

J

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Bank Charges

 

 

 

 

 

 

 

 

 

 

K

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Entertainment charges

 

 

 

 

 

 

 

 

 

 

 

 

 

Stationery Expenses

 

 

 

 

 

 

 

 

 

 

L

 

 

(including postage

 

 

 

 

 

 

 

 

 

 

 

 

 

etc.)

 

 

 

 

 

 

 

 

 

 

 

F

 

 

Taxable turnover as per liability declared in Annual Return

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(GSTR9)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

G

 

 

 

Unreconciled taxable turnover (F-E)

 

 

 

AT 2

 

 

8

 

 

Reasons for Un - Reconciled difference in taxable turnover

 

 

 

 

A

 

 

Reason 1

 

 

 

 

 

 

 

 

 

 

 

 

 

M

 

 

Repair and

 

 

 

 

 

 

 

 

 

 

 

 

Maintenance

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

N

 

 

Other Miscellaneous

 

 

 

 

 

 

 

 

 

 

 

 

expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

O

 

 

Capital goods

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Un-reconciled payment of amount

 

 

 

 

 

 

PT 1

 

 

 

 

10

 

 

 

 

 

Reasons for un-reconciled payment of amount

 

 

 

 

A

 

 

Reason 1

 

 

 

 

 

 

 

 

<<Text>>

 

 

 

 

 

 

 

B

 

 

Reason 2

 

 

 

 

 

 

 

 

<<Text>>

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

C

 

 

Reason 3

 

 

 

 

 

 

 

 

<<Text>>

 

 

 

 

 

 

 

 

="bottom" width="4">

 

 

 

 

 

 

 

 

 

 

 

 

 

P

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Any other expense 1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Q

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Any other expense 2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

R

 

 

 

Total amount of eligible ITC availed

 

 

<<Auto>>

 

 

 

S

 

 

ITC claimed in Annual Return (GSTR9)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

T

 

 

 

 

 

Un-reconciled ITC

 

 

 

 

 

 

ITC 2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

15

 

 

 

 

 

Reasons for un - reconciled difference in ITC

 

 

 

 

 

 

 

A

 

 

Reason 1

 

 

 

 

 

 

 

<<Text>>

 

 

 

 

 

 

 

 

B

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

11

 

 

Additional amount payable but not paid (due to reasons specified under Tables

 

 

 

 

 

 

 

 

 

 

6,8 and 10 above)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

To be paid through Cash

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Central

 

 

State tax

 

 

 

 

 

 

 

Cess, if

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Integrated tax

 

 

applicabl

 

 

 

 

 

 

 

 

 

 

 

 

 

tax

 

 

</t

Reason 2

 

 

 

 

 

 

 

<<Text>>

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

C

 

 

Reason 3

 

 

 

 

 

 

 

<<Text>>

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tax payable on un-reconciled difference in ITC (due to reasons specified in 13

 

 

 

16

 

 

 

 

 

 

 

 

 

and 15 above)

 

 

 

 

 

 

 

 

 

 

 

 

Description

 

 

 

 

 

Amount Payable

 

 

 

 

 

 

 

 

 

 

 

 

Central Tax

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

State/UT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tax

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Integrated

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tax

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cess

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Penalty

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pt.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

V

 

 

Auditor's recommendation on additional Liability due to non-reconciliation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

To be paid through Cash

 

 

 

 

 

 

 

 

 

 

 

 

 

Central

 

 

State tax

 

 

 

 

 

 

 

Cess, if

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Integrated tax

 

 

applicabl

 

 

 

 

 

 

 

 

 

 

 

 

 

Name: