Reconciliation Statement under GST: auditors must file Form GSTR-9C reconciling turnover, tax liabilities and ITC with annual returns. Amendment inserts FORM GSTR-9C requiring an auditor prepared reconciliation statement reconciling audited annual financial statements with the Annual Return on a GSTIN wise basis, covering gross and taxable turnover, rate wise tax liability and payments, and detailed Input Tax Credit reconciliation, including reasons for unreconciled differences, quantification of additional amounts payable, auditor recommendations, certification requirements and an option for taxpayers to pay amounts recommended by the auditor.
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Provisions expressly mentioned in the judgment/order text.
Reconciliation Statement under GST: auditors must file Form GSTR-9C reconciling turnover, tax liabilities and ITC with annual returns.
Amendment inserts FORM GSTR-9C requiring an auditor prepared reconciliation statement reconciling audited annual financial statements with the Annual Return on a GSTIN wise basis, covering gross and taxable turnover, rate wise tax liability and payments, and detailed Input Tax Credit reconciliation, including reasons for unreconciled differences, quantification of additional amounts payable, auditor recommendations, certification requirements and an option for taxpayers to pay amounts recommended by the auditor.
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