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The Central Board of Indirect Taxes and Customs amends the Central Goods and Services Tax Rules, 2017 to add Form GSTR-9C, which serves as the reconciliation statement and certification under rule 80(3). Taxpayers prepare this statement for every Goods and Services Tax Identification Number separately for the financial year. The reconciliation statement reconciles the turnover declared in the audited annual financial statement with the annual return, reconciles taxable turnover and tax paid, reconciles input tax credit, and provides auditor recommendations on additional liability.
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[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 $13^\text{th}$ 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) 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.
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 | ||
|---|---|---|---|
| 1 | Financial Year | ||
| 2 | GSTIN | ||
| 3A | Legal Name | < Auto> | |
| 3B | Trade Name (if any) | <Auto> | |
| 4 | Are you liable to audit under any Act? | <<Please specify>> | |
(Amount in ₹ in all tables)
| Pt. II | Reconciliation of turnover declared in audited Annual Financial Statement with turnover declared in Annual Return (GSTR9) | ||||
|---|---|---|---|---|---|
| 5 Reconciliation of Gross Turnover | |||||
| A | Turnover (including exports) as per audited financial statements for the State / UT (For multi-GSTIN units under 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 | (-) | |||
| 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 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>> | |||
| 7 Reconciliation of Taxable Turnover | |||||
| A | Annual turnover after adjustments (from 5P above) | <Auto> | |||
| B | Value of Exempted, Nil Rated, Non-GST supplies, No-Supply turnover | ||||
| 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> | |||
| 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 | <<Text>> | |||
| B | Reason 2 | <<Text>> | |||
| C | Reason 3 | <<Text>> | |||
| Pt. III - Reconciliation of tax paid | |||||
|---|---|---|---|---|---|
| 9 Reconciliation of rate wise liability and amount payable thereon | |||||
| Description | Taxable Value | Tax payable | |||
| Central tax | State tax / UT tax | Integrated Tax | Cess, if applicable | ||
| 1 | 2 | 3 | 4 | 5 | 6 |
| A | 5% | ||||
| B | 5% (RC) | ||||
| C | 12% | ||||
| D | 12% (RC) | ||||
| E | 18% | ||||
| F | 18% (RC) | ||||
| G | 28% | ||||
| H | 28% (RC) | ||||
| 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 tables above | <Auto> | <Auto> | <Auto> | <Auto> |
| Q | Total amount paid as declared in Annual Return (GSTR 9) | ||||
| R | 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>> | |||
