9911796707
TMI BlogReconciliation StatementX X X X Extracts X X X X X X X X Extracts X X X X ..... counted for in the audited Annual Financial Statement but are not permissible under GST (+) K Adjustments on account of supply of goods by SEZ units to DTA Units (-) L Turnover for the period under composition scheme (-) M Adjustments in turnover under section 15 and rules thereunder (+/- ) N Adjustments in turnover due to foreign exchange fluctuations (+/- ) O Adjustments in turnover due to reasons not listed above (+/- ) P Annual turnover after adjustments as above Auto Q Turnover as declared in Annual Return (GSTR9) R Un-Reconciled turnover (Q - P) AT1 6 Reasons for Un - Reconciled difference in Annual Gross Turnover A Reason 1 B Reason 2 C Reason 3 7 Reconciliation of Taxable Turnover A Annual turnover after adjustments (from 5P above) Auto B Value of Exempted, Nil Rated, Non-GST supplies, No-Supply turnover C Zero rated supplies without payment of tax D Supplies on which tax is to be paid by the recipient on reverse charge basis E Taxable turnover as per adjustments above (A-B-C-D) Auto F Taxable turnover as per liability declared in Annual Return (GSTR9) G Unreconciled taxable turnover (F-E) AT 2 8 Reasons for Un - Reconciled difference in taxable turnover A Reason 1 Text B R ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... T Un-reconciled ITC (ITC 2) 15 Reasons for un - reconciled difference in ITC A Reason 1 B Reason 2 C Reason 3 16 Tax payable on un-reconciled difference in ITC (due to reasons specified in 13 and 15 above) Description Amount Payable Central Tax State/UT Tax Integrated Tax Cess Interest Penalty Pt. V 18 [Additional Liability due to non[1]reconciliation] To be paid through Cash Description Value Central tax State tax / UT tax Integrated tax Cess, if applicable 1 2 3 4 5 6 5% 29 [ 6% ] 12% 18% 28% 3% 0.25% 0.10% 19 [ Others ] Input Tax Credit Interest Late Fee Penalty Any other amount paid for supplies not included in Annual Return (GSTR 9) Erroneous refund to be paid back Outstanding demands to be settled Other (Pl. specify) 20 [ Verification of registered person: I hereby solemnly affirm and declare that the information given herein above is true and correct and nothing has been concealed there from. I am uploading this self-certified reconciliation statement in FORM GSTR-9C. I am also uploading other statements, as applicable, including financial statement, profit and loss account and balance sheet, etc. ] Signature Place: Date: Name of Authorized Signatory Designation/status Inst ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... but the same has not been recognized as revenue in the audited Annual Financial Statement shall be declared here. 5 [ For 14 [ FY 2017-18, 21 [ 2018-19, 25 [ 2019-20, 33 [ 2020-21, 2021-22, 2022-23 and 2023-24 ]]]] , the registered person shall have an option to not fill this table. If there are any adjustments required to be reported then the same may be reported in Table 5O. ] 5D Aggregate value of deemed supplies under Schedule I of the CGST Act, 2017 shall be declared here. Any deemed supply which is already part of the turnover in the audited Annual Financial Statement is not required to be included here. 6 [ For 14 [ FY 2017-18, 21 [ 2018-19, 25 [ 2019-20, 33 [ 2020-21, 2021-22, 2022-23 and 2023-24 ] ]]] , the registered person shall have an option to not fill this table. If there are any adjustments required to be reported then the same may be reported in Table 5O. ] 5E Aggregate value of credit notes which were issued after 31st of March for any supply accounted in the current financial year but such credit notes were reflected in the annual return (GSTR-9) shall be declared here. 7 [ For 14 [ FY 2017-18, 21 [ 2018-19, 25 [ 2019-20, 33 [ 2020-21, 2021-22, 2022-23 and 2023- ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... bill of entry shall be declared here. 9 [ For 14 [ FY 2017-18, 21 [ 2018-19, 25 [ 2019-20, 33 [ 2020-21, 2021-22, 2022-23 and 2023-24 ] ]]] , the registered person shall have an option to not fill this table. If there are any adjustments required to be reported then the same may be reported in Table 5O. ] 5L There may be cases where registered persons might have opted out of the composition scheme during the current financial year. Their turnover as per the audited Annual Financial Statement would include turnover both as composition taxpayer as well as normal taxpayer. Therefore, the turnover for which GST was paid under the composition scheme shall be declared here. 9 [ For 14 [ FY 2017-18, 21 [ 2018-19, 25 [ 2019-20, 33 [ 2020-21, 2021-22, 2022-23 and 2023-24 ] ]]] , the registered person shall have an option to not fill this table. If there are any adjustments required to be reported then the same may be reported in Table 5O. ] 5M There may be cases where the taxable value and the invoice value differ due to valuation principles under section 15 of the CGST Act, 2017 and rules thereunder. Therefore, any difference between the turnover reported in the Annual Return (GSTR 9) and ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rge etc.) declared in Table 7B, 7C and 7D above. 7F Taxable turnover as declared in Table (4N 4G) + (10-11) of the Annual Return (GSTR9) shall be declared here. 8 Reasons for non-reconciliation between adjusted annual taxable turnover as derived from Table 7E above and the taxable turnover declared in Table 7F shall be specified here. 5. Part III consists of reconciliation of the tax payable as per declaration in the reconciliation statement and the actual tax paid as declared in Annual Return (GSTR9). The instructions to fill this part are as follows :- Table No. Instructions 9 The table provides for reconciliation of tax paid as per reconciliation statement and amount of tax paid as declared in Annual Return (GSTR 9). Under the head labelled ―RC‖, supplies where tax was paid on reverse charge basis by the recipient (i.e. the person for whom reconciliation statement has been prepared) shall be declared. 9P The total amount to be paid as per liability declared in Table 9A to 9O is auto populated here. 9Q The amount payable as declared in Table 9 of the Annual Return (GSTR9) shall be declared here. It should also contain any differential tax paid on Table 10 or 11 of the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ses booked in the audited Annual Financial Statement or books of account. The various sub-heads specified under this table are general expenses in the audited Annual Financial Statement or books of account on which ITC may or may not be available. Further, this is only an indicative list of heads under which expenses are generally booked. Taxpayers may add or delete any of these heads but all heads of expenses on which GST has been paid / was payable are to be declared here. 12 [ For 15 [ FY 2017-18, 22 [ 2018-19, 26 [ 2019-20, 31 [ 2020-21, 34 [ 2021-22, 2022-23 and 2023-24 ]]]]] , the registered person shall have an option to not fill this Table. ] 14R Total ITC declared in Table 14A to 14Q above shall be auto populated here. 14S Net ITC availed as declared in the Annual Return (GSTR9) shall be declared here. Table 7J of the Annual Return (GSTR9) may be used for filing this Table. 15 Reasons for non-reconciliation between ITC availed on the various expenses declared in Table 14R and ITC declared in Table 14S shall be specified here. 16 Any amount which is payable due to reasons specified in Table 13 and 15 above shall be declared here. 23 [ 7. Part V consists of the additional li ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ents in turnover due to reasons not listed above (+/- ) P Annual turnover after adjustments as above Auto Q Turnover as declared in Annual Return (GSTR9) R Un-Reconciled turnover (Q - P) AT1 6 Reasons for Un - Reconciled difference in Annual Gross Turnover A B C Reason 1 Text Reason 2 Text Reason 3 Text 7 Reconciliation of Taxable Turnover A Annual turnover after adjustments (from 5P above) Auto B Value of Exempted, Nil Rated, Non-GST supplies, No-Supply turnover C D E F Zero rated supplies without payment of tax Supplies on which tax is to be paid by the recipient on reverse charge basis Taxable turnover as per adjustments above (A-B-C-D) Auto Taxable turnover as per liability declared in Annual Return (GSTR9) G Unreconciled taxable turnover (F-E) AT 2 8 Reasons for Un - Reconciled difference in taxable turnover A B C Reason 1 Text Reason 2 Text Reason 3 Text Pt. III Reconciliation of tax paid 9 Reconciliation of rate wise liability and amount payable thereon Tax payable Description Taxable Value Central tax State tax / UT tax Integrated Tax Cess, if applicabl e 1 2 3 4 5 6 A B 5% 5% (RC) C D E F G H 12% 12% (RC) 18% 18% (RC) 28% 28% (RC) I J K L M N 3% 0.25% 0.10% Interest Late F ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Liability due to non-reconciliation To be paid through Cash Description Value Central tax State tax / UT tax Integrated tax Cess, if applicabl e 1 2 3 4 5 6 5% 12% 18% 28% 3% 0.25% 0.10% Input Tax Credit Interest Late Fee Penalty Any other amount paid for supplies not included in Annual Return (GSTR 9) Erroneous refund to be paid back Outstanding demands to be settled Other (Pl. specify) Verification: I hereby solemnly affirm and declare that the information given herein above is true and correct to the best of my knowledge and belief and nothing has been concealed there from. **(Signature and stamp/Seal of the Auditor) Place: Name of the signatory Membership No Date: Full address Instructions: 1. Terms used: (a) GSTIN: Goods and Services Tax Identification Number 2. The details for the period between July 2017 to March 2018 are to be provided in this statement for the financial year 2017-18. The reconciliation statement is to be filed for every GSTIN separately. 3. The reference to current financial year in this statement is the financial year for which the reconciliation statement is being filed for. 4. Part II consists of reconciliation of the annual turnover declared in the aud ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of accounting during the current financial year but GST was not payable on such revenue in the same financial year shall be declared here. 5I Value of all advances for which GST has not been paid but the same has been recognized as revenue in the audited Annual Financial Statement shall be declared here. 5J Aggregate value of credit notes which have been accounted for in the audited Annual Financial Statement but were not admissible under Section 34 of the CGST Act shall be declared here. 5K Aggregate value of all goods supplied by SEZs to DTA units for which the DTA units have filed bill of entry shall be declared here. 5L There may be cases where registered persons might have opted out of the composition scheme during the current financial year. Their turnover as per the audited Annual Financial Statement would include turnover both as composition taxpayer as well as normal taxpayer. Therefore, the turnover for which GST was paid under the composition scheme shall be declared here. 5M There may be cases where the taxable value and the invoice value differ due to valuation principles under section 15 of the CGST Act, 2017 and rules thereunder. Therefore, any difference between the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... STR9). The instructions to fill this part are as follows :- Table No. Instructions 9 The table provides for reconciliation of tax paid as per reconciliation statement and amount of tax paid as declared in Annual Return (GSTR 9). Under the head labelled ―RC‖, supplies where tax was paid on reverse charge basis by the recipient (i.e. the person for whom reconciliation statement has been prepared ) shall be declared. 9P The total amount to be paid as per liability declared in Table 9A to 9O is auto populated here. 9Q The amount payable as declared in Table 9 of the Annual Return (GSTR9) shall be declared here. It should also contain any differential tax paid on Table 10 or 11 of the Annual Return (GSTR9). 10 Reasons for non-reconciliation between payable / liability declared in Table 9P above and the amount payable in Table 9Q shall be specified here. 11 Any amount which is payable due to reasons specified under Table 6, 8 and 10 above shall be declared here. 6. Part IV consists of reconciliation of Input Tax Credit (ITC). The instructions to fill Part IV are as under:- Table No. Instructions 12A ITC availed (after reversals) as per the audited Annual Financial Statement s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the various expenses declared in Table 14R and ITC declared in Table 14S shall be specified here. 16 Any amount which is payable due to reasons specified in Table 13 and 15 above shall be declared here. 7. Part V consists of the auditor s recommendation on the additional liability to be discharged by the taxpayer due to non-reconciliation of turnover or non-reconciliation of input tax credit. The auditor shall also recommend if there is any other amount to be paid for supplies not included in the Annual Return. Any refund which has been erroneously taken and shall be paid back to the Government shall also be declared in this table. Lastly, any other outstanding demands which is recommended to be settled by the auditor shall be declared in this Table. 8. Towards, the end of the reconciliation statement taxpayers shall be given an option to pay their taxes as recommended by the auditor. PART B- CERTIFICATION I. Certification in cases where the reconciliation statement (FORM GSTR-9C) is drawn up by the person who had conducted the audit: * I/we have examined the- (a) balance sheet as on (b) the *profit and loss account/income and expenditure account for the period beginning from .. to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... with status), bearing membership number in pursuance of the provisions of the .Act, and *I/we annex hereto a copy of their audit report dated . along with a copy of each of :- (a) balance sheet as on (b) the *profit and loss account/income and expenditure account for the period beginning from .. to ending on ., (c) the cash flow statement for the period beginning from .. to ending on , and (d) documents declared by the said Act to be part of, or annexed to, the *profit and loss account/income and expenditure account and balance sheet. 2. I/we report that the said registered person- *has maintained the books of accounts, records and documents as required by the IGST/CGST/ GST Act, 2017 and the rules/notifications made/issued thereunder *has not maintained the following accounts/records/documents as required by the IGST/CGST/ GST Act, 2017 and the rules/notifications made/issued thereunder: 1. 2. 3. 3. The documents required to be furnished under section 35 (5) of the CGST Act and Reconciliation Statement required to be furnished under section 44(2) of the CGST Act is annexed herewith in Form No.GSTR-9C. 4. In *my/our opinion and to the best of *my/our information and according to e ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... *my/our knowledge and belief, were necessary for the purpose of the audit were not provided/partially provided to us. (B) In *my/our opinion, proper books of account *have/have not been kept by the registered person so far as appears from*my/ our examination of the books. (C) I/we certify that the balance sheet, the *profit and loss/income and expenditure account and the cash flow Statement are *in agreement/not in agreement with the books of account maintained at the Principal place of business at and ** additional place of business within the State. 4. The documents required to be furnished under section 35 (5) of the CGST Act/SGST Act and Reconciliation Statement required to be furnished under section 44(2) of the CGST Act/SGST Act is annexed herewith in Form No. GSTR-9C. 5. In *my/our opinion and to the best of *my/our information and according to explanations given to *me/us, the particulars given in the said Form No.GSTR-9C are true and correct subject to following observations/qualifications, if any: (a) (b) (c) **(Signature and stamp/Seal of the Auditor) Place: Name of the signatory Membership No Date: Full address II. Certification in cases where the reconciliation stateme ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f. 01-08-2021 before it was read as Auditor's recommendation on additional Liability due to non-reconciliation 19. Inserted vide NOTIFICATION No. 30/2021 Central Tax dated 30-07-2021 w.e.f. 01-08-2021 20. Substituted vide NOTIFICATION No. 30/2021 Central Tax dated 30-07-2021 w.e.f. 01-08-2021 before it was read as Verification: I hereby solemnly affirm and declare that the information given herein above is true and correct to the best of my knowledge and belief and nothing has been concealed there from. **(Signature and stamp/Seal of the Auditor) Place: Name of the signatory Membership No Date: Full address Verification of registered person: I hereby solemnly affirm and declare that I am uploading the reconciliation statement in FORM GSTR-9C prepared and duly signed by the Auditor and nothing has been tampered or altered by me in the statement. I am also uploading other statements, as applicable, including financial statement, profit and loss account and balance sheet etc. 21. Substituted vide NOTIFICATION No. 30/2021 Central Tax dated 30-07-2021 w.e.f. 01-08-2021 before it was read as 2018-19 and 2019-20 22. Substituted vide NOTIFICATION No. 30/2021 Central Tax dated 30-07-202 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and expenditure account and the cash flow Statement (if available) are *in agreement/not in agreement with the books of account maintained at the Principal place of business at and ** additional place of business within the State. 4. The documents required to be furnished under section 35 (5) of the CGST Act / SGST Act and Reconciliation Statement required to be furnished under section 44(2) of the CGST Act / SGST Act is annexed herewith in Form No. GSTR-9C. 5. In *my/our opinion and to the best of *my/our information and according to explanations given to *me/us, the particulars given in the said Form No.GSTR-9C are true and fair subject to following observations/qualifications, if any: (a) (b) (c) **(Signature and stamp/Seal of the Auditor) Place: Name of the signatory Membership No Date: Full address II. Certification in cases where the reconciliation statement (FORM GSTR-9C) is drawn up by a person other than the person who had conducted the audit of the accounts: *I/we report that the audit of the books of accounts and the financial statements of M/s. ........... . (Name and address of the assessee with GSTIN) was conducted by M/s. .. . (full name and address of auditor along ..... X X X X Extracts X X X X X X X X Extracts X X X X
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