Mazars Tax Update | Edition 05.19
April 2019
This newsletter is a weekly compilation of most interesting and recent news related to direct as well indirect tax.
This newsletter is a weekly compilation of most interesting and recent news related to direct as well indirect tax.
Indirect Tax News
GSTR-9C (Audit Report for GST audit) utility is available on GST portal with FAQ’s and User Manual. Offline utility comprises of the following sections:
- PT. II: Reconciliation of turnover as declared in GSTR-9 in comparison to revenue as perfinancials along with reasons for un-reconciled turnover has to be furnished in this tab.
- PT. III: Reconciliation of rate wise tax liability in comparison with tax liability declared in GSTR-9 along with reasons for un-reconciled payment of tax has to be furnished in this tab. Further, any additional amount payable shall also be disclosed.
- PT. IV: Expense wise reconciliation of input tax credit as per audited financial statements against ITC claimed in GSTR-9 along with reasons for un-reconciled ITC has to be under this tab.
- PT. V: Auditor’s recommendations on non-reconciliation of taxes and input tax credit hasto be furnished under this tab.
PART – B – Certification
- Part B(i) – In case, the statutory auditor and GST auditor are same, information shall be
disclosed in this tab. - Part B(ii) – In case, GST auditor is different from statutory auditor, information shall be disclosed in this tab.
For more information, Click here