Instructions: –
Terms used:
(a) GSTIN: Goods and Services Tax Identification Number
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.
The reference to current financial year in this statement is the financial year for which the
reconciliation statement is being filed for.
Part II consists of reconciliation of the annual turnover declared in the audited Annual
Financial Statement with the turnover as declared in the Annual Return furnished in
FORM GSTR-9 for this GSTIN. The instructions to fill this part are as follows :-
Table No. Instructions
5A The turnover as per the audited Annual Financial Statement shall be declared
here. There may be cases where multiple GSTINs (State-wise) registrations
exist on the same PAN. This is common for persons / entities with presence
over multiple States. Such persons / entities, will have to internally derive
their GSTIN wise turnover and declare the same here. This shall include
export turnover (if any). It may be noted that reference to audited Annual
Financial Statement includes reference to books of accounts in case of persons
/ entities having presence over multiple States.
5B Unbilled revenue which was recorded in the books of accounts on the basis of
accrual system of accounting in the last financial year and was carried forward
to the current financial year shall be declared here. In other words, when GST
is payable during the financial year on such revenue (which was recognized
earlier), the value of such revenue shall be declared here.
(For example, if rupees Ten Crores of unbilled revenue existed for the
financial year 2016-17, and during the current financial year, GST was paid on
rupees Four Crores of such revenue, then value of rupees Four Crores rupees
shall be declared here)
5C Value of all advances for which GST has been paid but the same has not been
recognized as revenue in the audited Annual Financial Statement shall be
declared here.
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.
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.
5F Trade discounts which are accounted for in the audited Annual Financial
Statement but on which GST was leviable(being not permissible) shall be
declared here.
5G Turnover included in the audited Annual Financial Statement for April 2017 to
June 2017 shall be declared here.
5H Unbilled revenue which was recorded in the books of accounts on the basis of
accrual system 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 turnover reported in the
Annual Return (GSTR 9) and turnover reported in the audited Annual
Financial Statement due to difference in valuation of supplies shall be declared
here.
5N Any difference between the turnover reported in the Annual Return (GSTR9)
and turnover reported in the audited Annual Financial Statement due to
foreign exchange fluctuations shall be declared here.
5O Any difference between the turnover reported in the Annual Return (GSTR9)
and turnover reported in the audited Annual Financial Statement due to
reasons not listed above shall be declared here.
5Q Annual turnover as declared in the Annual Return (GSTR 9) shall be declared
here. This turnover may be derived from Sr. No. 5N, 10 and 11 of Annual
Return (GSTR 9).
6 Reasons for non-reconciliation between the annual turnover declared in the
audited Annual Financial Statement and turnover as declared in the Annual
Return (GSTR 9) shall be specified here.
7 The table provides for reconciliation of taxable turnover from the audited
annual turnover after adjustments with the taxable turnover declared in annual
return (GSTR-9).
7A Annual turnover as derived in Table 5P above would be auto-populated here.
7B Value of exempted, nil rated, non-GST and no-supply turnover shall be
declared here. This shall be reported net of credit notes, debit notes and
amendments if any.
7C Value of zero rated supplies (including supplies to SEZs) on which tax is not
paid shall be declared here. This shall be reported net of credit notes, debit
notes and amendments if any.
7D Value of reverse charge supplies on which tax is to be paid by the recipient
shall be declared here. This shall be reported net of credit notes, debit notes
and amendments if any.
7E The taxable turnover is derived as the difference between the annual turnover
after adjustments declared in Table 7A above and the sum of all supplies
(exempted, non-GST, reverse charge etc.) declared in Table 7B, 7C and 7D
above.
7F Taxable turnover as declared in Table 4N 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.
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 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.
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
shall be declared here. There may be cases where multiple GSTINs (Statewise)
registrations exist on the same PAN. This is common for persons /
entities with presence over multiple States. Such persons / entities, will have
to internally derive their ITC for each individual GSTIN and declare the same
here. It may be noted that reference to audited Annual Financial Statement
includes reference to books of accounts in case of persons / entities having
presence over multiple States.
12B Any ITC which was booked in the audited Annual Financial Statement of
earlier financial year(s)but availed in the ITC ledger in the financial yearfor
which the reconciliation statement is being filed for shall be declared here.
This shall include transitional credit which was booked in earlier years but
availed duringFinancial Year 2017-18.
12C Any ITC which has been booked in the audited Annual Financial Statement of
the current financial year but the same has not been credited to the ITC ledger
for the said financial year shall be declared here.
12D ITC availed as per audited Annual Financial Statement or books of accounts
as derived from values declared in Table 12A, 12B and 12C above will be
auto-populated here.
12E Net ITC available for utilization as declared in Table 7J of Annual Return
(GSTR9) shall be declared here.
13 Reasons for non-reconciliation of ITC as per audited Annual Financial
Statement or books of account (Table 12D) and the net ITC (Table12E)
availed in the Annual Return (GSTR9) shall be specified here.
14 This table is for reconciliation of ITC declared in the Annual Return (GSTR9)
against the expenses 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.
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.
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.
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
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 ending on ……., and
(c) the cash flow statement for the period beginning from ……..…to ending on ………, —
attached herewith, of M/s …………… (Name), …………………….………… (Address),
..…………………(GSTIN).
Based on our audit 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.
(a) *I/we report the following observations/ comments / discrepancies / inconsistencies; if
any:
…………………………………….
…………………………………….
(b) *I/we further report that, –
(A) *I/we have obtained all the information and explanations which, to the best of *my/our
knowledge and belief, were necessary for the purpose of the audit/ information and
explanations which, to the best of *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.
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.
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 ………………………
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 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.
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.
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.
In *my/our opinion and to the best of *my/our information and according to examination
of books of account including other relevant documents and explanations given to *me/us,
the particulars given in the said Form No.9C are true and correct subject to the 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 ………………………‖.
[F. No. 349/58/2017-GST (Pt.)]
(Gunjan Kumar Verma)
Under Secretary to the Government of India
Note:- The principal rules were published in the Gazette of India, Extraordinary, Part II,
Section 3, Sub-section (i) vide notification No. 3/2017-Central Tax, dated the 19th June,
2017, published vide number G.S.R 610 (E), dated the 19th June, 2017 and last amended
vide notification No. 48/2018-Central Tax, dated the 10th September, 2018, published vide
number G.S.R 859 (E), dated the 10th September, 2018.
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