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[Notification No. 49/2022/F.No.370142/6/2022-TPL] [Notification No. 85/2022/F. No. 300196/17/2022-ITA-I]

[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.

  • 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  
   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   
                       <Auto    
 A  Annual turnover after adjustments (from 5P above)       
    Value of Exempted, Nil Rated, Non-GST supplies, No-Supply       
 B        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               <<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)                    
                       
                       
 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>>      
                 
 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  / UT tax     
    Description  Taxable Value           e 
                    
      2        5   
    1     3  4     6 
                         
    5%                    
    12%                    
                        
    18%                    
                        
    28%                    
                        
                        
    3%                    
    0.25%                    
                        
    0.10%                    
                        
    Interest                    
    Late Fee                    
                        
                        
    Penalty                    
                        
                        
    Others                    
    (please                    
    specify)                    
                        
 Pt.     Reconciliation of Input Tax Credit (ITC)   
 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 
     
    DescriptionValue 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.)         
 I  Conveyance charges         
 J  Bank Charges         
 K  Entertainment charges         
    Stationery Expenses         
 L  (including postage         
    etc.)         
 M  Repair and         
   Maintenance         
             
 N  Other Miscellaneous         
   expenses         
             
 O  Capital goods                 
                    
 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  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 
           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:
  • GSTIN: Goods and Services Tax Identification Number
  • 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.
  • The reference to current financial year in this statement is the financial year for which the reconciliation statement is being filed for.
  • 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
  
5AThe 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.
  
5BUnbilled 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)
  
5CValue 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.
  
5DAggregate 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.
  
5EAggregate value of credit notes which were issued after 31st 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.
  
5FTrade discounts  which  are accounted for in the  audited Annual Financial
 Statement but on which GST was leviable(being not permissible) shall be
 declared here.
  
5GTurnover included in the audited Annual Financial Statement for April 2017 to
 June 2017 shall be declared here.
  
5HUnbilled 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.
  
5IValue 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.
  
5JAggregate 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.
  
5KAggregate value of all goods supplied by SEZs to DTA units for which the
 DTA units have filed bill of entry shall be declared here.
  
5LThere 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.
  
5MThere 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
 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.
  
5NAny 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.
  
5OAny 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.
  
5QAnnual 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).
  
6Reasons 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.
  
7The table provides for reconciliation of taxable turnover from the audited
 annual turnover after adjustments with the taxable turnover declared in annual
 return (GSTR-9).
  
7AAnnual turnover as derived in Table 5P above would be auto-populated here.
  
7BValue  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.
  
7CValue 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.
  
7DValue 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.
  
7EThe 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.
  
7FTaxable turnover as declared in Table 4N of the Annual Return (GSTR9) shall
 be declared here.
  
8Reasons 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.
  
  • 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
  
9The 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.
  
9PThe total amount to be paid as per liability declared in Table 9A to 9O is auto
 populated here.
  
9QThe 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).
  1. Reasons for non-reconciliation between payable / liability declared in Table 9P above and the amount payable in Table 9Q shall be specified here.
  1. Any amount which is payable due to reasons specified under Table 6, 8 and 10 above shall be declared here.
  • Part IV consists of reconciliation of Input Tax Credit (ITC). The instructions to fill Part IV are as under:-
Table No.Instructions
  
12AITC 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.
  
12BAny ITC which was booked in the audited Annual Financial Statement of
 earlier financial year(s)but availed in the ITC ledger in the financial year for
 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 during Financial Year 2017-18.
  
12CAny 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.
  
12DITC 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.
  
12ENet ITC available for utilization as declared in Table 7J of Annual Return
 (GSTR9) shall be declared here.
  
13Reasons  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.
  
14This 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.
  
14RTotal ITC declared in Table 14A to 14Q above shall be auto populated here.
  
14SNet 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.
  
15Reasons for non-reconciliation between ITC availed on the various expenses
 declared in Table 14R and ITC declared in Table 14S shall be specified here.
  
16Any amount which is payable due to reasons specified in Table 13 and 15
 above shall be declared here.
  
  • 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.
  • 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. 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—
  • balance sheet as on ………
  • 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

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

1.

2.

3.

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

…………………………………….

…………………………………….

3. (b) *I/we further report that, –

  • *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.
  • 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.
  • 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.

  • 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.
  • 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:
  • ……………………………………………………………………………………
  • ……………………………………………………………………………………
  • ……………………………………………………………………………………

………………………………………

………………………………………

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

Place: ……………

Name of the signatory …………………

Membership No………………

Date: ……………

Full address ………………………

  1. 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 :-

  • balance sheet as on ………
  • the *profit and loss account/income and expenditure account for the period beginning from ………..…to ending on …….,
  • the cash flow statement for the period beginning from ……..…to ending on ………, and
  • 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.

  • 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.
  • 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)  …………………………….…………………………….………………………
  • …………………………….…………………………….………………………
  • …………………………….…………………………….………………………

………………………………………

**(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.

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