Reconciliation Statement requirement under GST: auditor-led GSTR-9C mandates turnover, tax and ITC reconciliation with payment recommendations. The amendment inserts FORM GSTR-9C requiring GSTIN-wise reconciliation by auditors of audited financial statements with the Annual Return (GSTR-9). It mandates detailed reconciliation of gross and taxable turnover with specified adjustments, rate-wise tax liability comparison including reverse-charge, and reconciliation of Input Tax Credit by expense heads. Auditors must explain unreconciled amounts, recommend additional liabilities (tax, interest, penalty, cess) payable through cash if applicable, and provide certification or annex audited reports; instructions detail treatment of multi-GSTIN entities and specified adjustment categories.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Reconciliation Statement requirement under GST: auditor-led GSTR-9C mandates turnover, tax and ITC reconciliation with payment recommendations.
The amendment inserts FORM GSTR-9C requiring GSTIN-wise reconciliation by auditors of audited financial statements with the Annual Return (GSTR-9). It mandates detailed reconciliation of gross and taxable turnover with specified adjustments, rate-wise tax liability comparison including reverse-charge, and reconciliation of Input Tax Credit by expense heads. Auditors must explain unreconciled amounts, recommend additional liabilities (tax, interest, penalty, cess) payable through cash if applicable, and provide certification or annex audited reports; instructions detail treatment of multi-GSTIN entities and specified adjustment categories.
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