Gujarat Goods and Services Tax (Tenth Amendment) Rules, 2018

Oct 01, 2018 | by Avantis RegTech Legal Research Team


The State Government of Gujarat, on September 14, 2018, has passed the Gujarat Goods and Services Tax (Tenth Amendment) Rules, 2018 to insert FORM GSTR-9C under Rule 80(3).

Rule 80(3) states that every registered person whose aggregate turnover during a financial year exceeds two crore rupees shall get his accounts audited as specified under Section 35(5) of Central Goods and Services Tax Act, 2017 and he shall furnish a copy of audited annual accounts and a reconciliation statement, duly certified, in FORM GSTR-9C, electronically through the common portal either directly or through a Facilitation Centre notified by the Commissioner.

In the FORMS to the Gujarat Goods and Services Tax Rules, 2017, after FORM GSTR-9A, FORM GSTR-9C shall be inserted. FORM GSTR-9C is divided into two parts namely:

Part – A: Reconciliation Statement which includes:

(a)    Basic Details;

(b)   Reconciliation of turnover declared in audited Annual Financial Statement with turnover declared in Annual Return (GSTR9);

(c)    Reconciliation of tax paid;

(d)   Reconciliation of Input Tax Credit (ITC);

(e)   Auditor's recommendation on additional Liability due to non-reconciliation.

 

Part – B: Certification:

(a)    Certification in cases where the reconciliation statement (FORM GSTR-9C) is drawn up by the person who had conducted the audit;

(b)   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.

These Amendment Rules shall be deemed to have been come into force from September 13, 2018.

[Notification No. 49/2018-State Tax] [No.(GHN-88)/GSTR-2018(31)TH]

URL: https://commercialtax.gujarat.gov.in/vatwebsite/download/cir_noti/NOTI/10th%20Amendment%20in%20GGST%20Rules%202017.pdf


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