NOTES ON GSTR 9C - RECONCILIATION STATEMENT BETWEEN GSTR 9 (Annual Return) & ANNUAL FINANCIAL STATEMENT
GENERAL The reconciliation statement to be prepared for the period from July 2017 to March 2018 for the financial year 2017-18. The reconciliation statement to be filed for every GSTIN separately in cases where the multiple GSTIN exists for one PAN. Reconciliation statement to be prepared for the ANNUAL TURNOVER declared in audited Annual Financial Statement with the turnover as declared in the Annual Return (GSTR 9) . [GSTR 9C - Part I) TAX PAYABLE as per declaration in the reconciliation statement(GSTR 9C-Part I) and the actual tax paid as declared in Annual Return (GSTR 9) INPUT TAX CREDIT (ITC). Audited Financial Statement for the financial year 2017-18 to be divided for two periods for the period from 01st Apirl, 2017 to 31st June 2017 and for the period from 01st July 2017 to 31st March 2018 The reconciliation statement to be certified by a chartered accountant. POINTS TO BE CONSIDERED FOR ANNUAL TURNOVER RECONCILIATION In cases where One...