GSTR-9C- Reconciliation Statement

The registered person is required to submit electronically a copy of:-

• Audited Financial Statements of the entity
• Annual Return in Form GSTR-9
• Reconciliation statement duly certified, reconciling the value of supplies declared in the Annual Return along with the audited financial statements and
• Such other particulars as may be prescribed

There is no provision for revision of GSTR-9C at present

Aggregate turnover means the aggregate value of all taxable supplies (excluding the value of inward supplies on which tax is payable by a person on reverse charge basis), exempt supplies, exports of goods or services or both and inter-State supplies of persons having the same Permanent Account Number, to be computed on all India basis but excludes central tax, State tax, Union territory tax, integrated tax and cess

Yes, the definition of Aggregate Turnover clearly mentions that supplies made between two distinct persons having the same Permanent Account Number will be included in the aggregate turnover. Thus stock transfer provided from a branch located in one state to a branch located in another state will be included in the aggregate turnover of the branch supplying the goods or services

Non-GST supplies includes supply of alcoholic liquor for human consumption, motor spirit (commonly known as petrol), high speed diesel, aviation turbine fuel petroleum crude and natural gas and transactions specified in Schedule III of the CGST Act

All above are part of the exempt supplies and the definition of aggregate turnover includes exempt supplies

As per the latest Clarification regarding Annual Returns and Reconciliation Statement dated 03/07/2019, the aggregate turnover for this purpose shall be reckoned for the period July, 2017 to March, 2018

It may be noted that the aggregate turnover i.e. the turnover of all the registrations having the same Permanent Account Number is to be used for determining the requirement of filing of reconciliation statement. Therefore, if there are two registrations in two different States on the same PAN, say State A (with turnover of Rs. 1.5 Crore) and State B (with turnover of Rs. 1 Crore) they are both required to file reconciliation statements individually for their registrations since their aggregate turnover is greater than Rs.2 Crore

An internal auditor cannot certify FORM GSTR-9C as per the instructions issued by ICAI