Form GSTR-9C for ‘GST Audit/ Certification’ Introduced: CGST (10th Amendment) Rules, 2018 notified by CBIC

Form GSTR-9C for GST Audit/ Certification Introduced: CGST (10th Amendment) Rules, 2018 notified by CBIC

CBIC has notified the CGST (10th Amendment) Rules, 2018, whereby Form GSTR-9C (Reconciliation Statement with Form of GST Audit Report/ Certificate) has been inserted/ introduced.

It may be noted that Form GSTR 9C is used for Normal GST Audit/ Certification by a Chartered Accountant or a Cost Accountant, in view of requirements under the GST law, i.e. every registered person whose aggregate turnover during a financial year exceeds two crore rupees has to get his audit conducted and has to furnish a copy of audited annual accounts and a duly certified reconciliation statement in FORM GSTR-9C.

However, various stakeholders have demanded/ submitted proposals to enhance the threshold limit of GST Audit/ Certification from Rs. 2 Crores to Rs. 10 Crores for the sake of ‘ease of doing business’, which are under consideration/ review of the GST Council.

Form GSTR-9C Introduced vide CGST (10th Amendment) Rules, 2018: CBIC Notification No. 49/2018 Central Tax dt. 13 Sept. 2018

G.S.R……(E).- In exercise of the powers conferred by section 164 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government hereby makes the following rules further to amend the Central Goods and Services Tax Rules, 2017, namely:-

1. (1) These rules may be called the Central Goods and Services Tax (Tenth Amendment) Rules, 2018. (2) They shall come into force on the date of their publication in the Official Gazette.

2. In the FORMS to the Central Goods and Services Tax Rules, 2017, after FORM GSTR-9A, the following shall be inserted, namely:-

“FORM GSTR-9C
See rule 80(3)
PART – A – Reconciliation Statement

PART – B- CERTIFICATION 

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

II. 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:

(please refer above attachment for detailed formats)

Note:- The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide notification No. 3/2017-Central Tax, dated the 19th June, 2017, published vide number G.S.R 610 (E), dated the 19th June, 2017 and last amended vide notification No. 48/2018-Central Tax, dated the 10th September, 2018, published vide number G.S.R 859 (E), dated the 10th September, 2018.

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