9911796707
TMI BlogGST Liability to disclose in GSTR9cX X X X Extracts X X X X X X X X Extracts X X X X ..... GST Liability to disclose in GSTR9c X X X X Extracts X X X X X X X X Extracts X X X X ..... ioned in GSTR-9 also and GST is not paid via DRC 03. 2.If the client is not ready to pay such liability if the same is mentioned as per point 1 above, can the audit report be delivered by a qualification without paying such liability via DRC 03.? Reply By Kashish Gupta: The Reply: Dear Suresh Ji, As per me, GSTR-9C is nothing but a statement of reconciliation of financial statements with GSTR- ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 9. In section 44(2) as well, it has been very clearly mentioned that a registered person has to file Form GSTR-9C with a) Copy of audited annual accounts, and b) a reconciliation statement, reconciling the value of supplies declared in the GSTR-9 with audited annual financial statement From above, it can be inferred that the expressions "accounts" and "financial statement" ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... has been used differently and former expression has been defined under section 35(1) of the CGST Act/SGST, 2017 read with rule 56 of CGST/SGST Rules, 2017. Therefore, the answers to your queries are as under: a) No need to show such supplies in Form GSTR-9C b) All your qualifications must form part of point a) i.e. audited annual accounts and not of Form GSTR-9C (including part A and B thereof ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ). Reply By CSSANJAY MALHOTRA: The Reply: Mr. Suresh, At first place, as the GST Liability is admitted by you, same has to be paid via DRC-03 alongwith interest to avoid any penal action by department. This liability has to be paid irrespective of whether the same becomes part of GSTR-9C or not. If you have recorded supply in your books of accounts and not in GSTR-1/GSTR-9 then the variance wo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... uld come in turnover reconciliation in GSTR-9C (Table 5 & 7). Your auditor has to give reasons for same and create liability for tax payment. If you pay off tax via DRC-03 selcting casue of payment as GSTR-9C and apprise your auditor, then he will place the remarks in his GSTR-9C audit report. If you don't pay the liability, auditor can't shy away with the responsibility of hiding the turn ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... over variance. He has to mention then in his qualification report that the tax payment is pending. X X X X Extracts X X X X X X X X Extracts X X X X
|
