GSTN issues Advisory on Reconciliation Statement to be filed in GSTR-9C
February, 23rd 2021
The Goods and Service Tax Network (GSTN) issued the Advisory on Reconciliation Statement to be filed in GSTR-9C.
“Reconciliation statement to be filed in Form GSTR-9C require the tax rate wise declaration of transactions for the concerned financial year. In the said form, tax amount pertaining to tax rates 1%, 1.5% and 7.5% in section III (table 9 and 11) and section V may be made in row/ under label ‘Others’ of the said tables, wherever applicable,” the GSTN notified.
Every registered person whose aggregate turnover during a financial year exceeds Rs2 crore shall get his accounts audited as specified under section 35(5) of the CGST Act, and shall furnish a copy of the audited annual accounts and a reconciliation statement, duly certified, in FORM GSTR-9C.