GST reconciliation: mandatory Form GSTR-9C requires audit-backed reconciliation of turnover, tax liability and input tax credit. Insertion of FORM GSTR-9C mandates a GSTIN-wise reconciliation statement reconciling audited financial statements with the Annual Return (GSTR-9) for 2017-18, comprising turnover adjustments (unbilled revenue, advances, deemed supplies, credit notes, composition turnover, valuation and forex differences), rate-wise tax liability reconciliation including reverse charge and liabilities for interest/late fee/penalty, ITC reconciliation with timing and expense category adjustments, auditor recommendations on additional payable amounts, and dual certification requirements for auditor-prepared and third-party prepared reconciliation statements.
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.
GST reconciliation: mandatory Form GSTR-9C requires audit-backed reconciliation of turnover, tax liability and input tax credit.
Insertion of FORM GSTR-9C mandates a GSTIN-wise reconciliation statement reconciling audited financial statements with the Annual Return (GSTR-9) for 2017-18, comprising turnover adjustments (unbilled revenue, advances, deemed supplies, credit notes, composition turnover, valuation and forex differences), rate-wise tax liability reconciliation including reverse charge and liabilities for interest/late fee/penalty, ITC reconciliation with timing and expense category adjustments, auditor recommendations on additional payable amounts, and dual certification requirements for auditor-prepared and third-party prepared reconciliation statements.
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