Reconciliation statement requirement mandates audited reconciliation of turnover, tax and ITC with the annual GST return and auditor certification. The amendment inserts FORM GSTR 9C requiring a GSTIN wise reconciliation statement reconciling audited annual financial statements with the Annual Return (GSTR 9), covering reconciliation of gross and taxable turnover with specified adjustment heads, rate wise tax liability and payments, detailed Input Tax Credit reconciliation across expense heads, auditor recommendations on additional liabilities, and mandatory auditor certification with annexed audited financial statements.
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Provisions expressly mentioned in the judgment/order text.
Reconciliation statement requirement mandates audited reconciliation of turnover, tax and ITC with the annual GST return and auditor certification.
The amendment inserts FORM GSTR 9C requiring a GSTIN wise reconciliation statement reconciling audited annual financial statements with the Annual Return (GSTR 9), covering reconciliation of gross and taxable turnover with specified adjustment heads, rate wise tax liability and payments, detailed Input Tax Credit reconciliation across expense heads, auditor recommendations on additional liabilities, and mandatory auditor certification with annexed audited financial statements.
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