GSTR 9-C reporting requirement

[Madhavan iyengar]

In form 9-C table 14 - reconciliation of ITC declared in Annual Return GSTR-9 there are expenses which are required to be disclosed So what is required to be disclosed is the figures as per the Annual Audited accounts

ie if salaries and wages are paid then should we show entire salaries and wages in the form point No. H

[Spudarjunan S]

Yes, you have to enter the data in Table 14 as per the Audited Annual Financial Statement.

Kindly find below the instruction provided as per GSTR-9CNotification no.74/2018-central tax dated 31st December 2018:-

Table 14 - "This table is for reconciliation of ITC declared in the Annual Return (GSTR-9) 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."

[Mahadev R]

In this table, only those expenses wherein GST has been incurred to be shown. If there is salary expense which does not include GST, no need to disclose. List is indicative. Expenses like professional charges are not included in this list. They can be added

[Ganeshan Kalyani]

Yes, only those expense ledger need to be reconciled in which GST paid invoices are booked. say, ITC is claimed on professional fees then its ledger is required to reconciled. If courier charges is from an unregistered vendor , for e.g., its ledger need not be reconciled because there is no GST accounted in the GL.

AI Summary

Input tax credit reconciliation requires reporting only expense ledgers where GST was charged or ITC was claimed in audited accounts. Table 14 of GSTR-9C requires reconciliation of Input Tax Credit declared in the Annual Return against expense heads in the audited annual financial statements; taxpayers must declare all expense heads on which GST was paid or payable as reflected in audited accounts. Only ledgers where GST is charged or ITC is claimed need to be disclosed; expenses without GST (e.g., salaries without GST) and supplies from unregistered vendors with no GST in the GL need not be reconciled.