Reconciliation Statement Requirement: GSTR-9C mandates audited reconciliation of turnover, tax liability and ITC with payment option. The amendment inserts FORM GSTR-9C, a mandatory auditor-certified reconciliation statement for each GSTIN for 2017-18, requiring reconciliation of audited gross and taxable turnover with Annual Return (GSTR-9), reconciliation of rate-wise tax liability with tax paid, and reconciliation of Input Tax Credit claimed in returns with ITC recorded in books. The form captures adjustments, auto-populated totals, reasons for unreconciled differences, auditor recommendations for additional liabilities, and provides an option to pay recommended amounts; Part B prescribes certification formats and annexure requirements for audited financial statements.
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Provisions expressly mentioned in the judgment/order text.
Reconciliation Statement Requirement: GSTR-9C mandates audited reconciliation of turnover, tax liability and ITC with payment option.
The amendment inserts FORM GSTR-9C, a mandatory auditor-certified reconciliation statement for each GSTIN for 2017-18, requiring reconciliation of audited gross and taxable turnover with Annual Return (GSTR-9), reconciliation of rate-wise tax liability with tax paid, and reconciliation of Input Tax Credit claimed in returns with ITC recorded in books. The form captures adjustments, auto-populated totals, reasons for unreconciled differences, auditor recommendations for additional liabilities, and provides an option to pay recommended amounts; Part B prescribes certification formats and annexure requirements for audited financial statements.
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