GST Annual Return filing: mapping financial statements and records to statutory return and audit requirements. Annexure V provides a comparative chart mapping ledger accounts, registers and financial-statement items to statutory filings to aid reconciliation for registrants required to file the Annual Return u/s 44 of the CGST Act. It lists goods-related items-quantity manufactured, goods cleared (quantity and value), GST paid (cash and ITC), exports, ITC opening balance, ITC taken and utilised, consumption of raw materials, sale of scrap, power and fuel, and stocks written off-and cross-references relevant return fields, balance-sheet schedules and audit reports. Auditors are instructed to obtain this information from the auditee and may download data from the GSTIN portal.
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GST Annual Return filing: mapping financial statements and records to statutory return and audit requirements.
Annexure V provides a comparative chart mapping ledger accounts, registers and financial-statement items to statutory filings to aid reconciliation for registrants required to file the Annual Return u/s 44 of the CGST Act. It lists goods-related items-quantity manufactured, goods cleared (quantity and value), GST paid (cash and ITC), exports, ITC opening balance, ITC taken and utilised, consumption of raw materials, sale of scrap, power and fuel, and stocks written off-and cross-references relevant return fields, balance-sheet schedules and audit reports. Auditors are instructed to obtain this information from the auditee and may download data from the GSTIN portal.
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