ICAI’s Technical Guide on Annual GST Audit (Form GSTR 9C)

ICAI has released revised 2021 edition of the ‘Technical Guide on GST Audit’ under the CGST Act/ Rules 2017 for guidance of the Members in preparation of the certified/ audited Reconciliation Statement in Form GSTR 9C.

This Technical Guide of the ICAI provides members with detailed guidance on the reporting requirements of various tables and fields of Form GSTR-9C as well as issues that are pertinent to those requirements. To put it another way, the ICAI has published this Technical Guide on GST Audit in order to assist in the process of conducting GST audits and to make it easier for members and other stakeholders to conduct a clause-by-clause analysis of the Form GSTR 9C.

ICAI’s Technical Guide on Annual GST Audit (Form GSTR 9C)

GST audit is required to be conducted under section 35(5) along with drawing-up/ certification of reconciliation statement in Form GSTR 9C as per provisions of Section 44(2) in the cases where taxpayers  are having turnover above Rs. 2 Crores. However, the said limit of Rs 2 crores has been increased to Rs 5 crores for the financial years 2018-19 and 2019-20 in the case of small taxpayers to ease the compliance burden.

It may be noted that every registered person whose turnover during the financial year exceeds the prescribed limit i.e. Rs. 2 Crore shall have to get his accounts audited by Chartered Accountant or Cost Accountant and shall have to submit a copy of audited annual accounts, the reconciliation statement duly certified, in Form GSTR 9C.

ICAI’s Technical Guide on GST Audit (January 2021)

Related Posts:

ICAI’s Handbook/ Guide on GST Annual Return (Form GSTR 9/ 9A)

ICAI’s 53 FAQs on Annual GST Return Form GSTR-9

CBIC Updates (GST)
GST Circulars, Notifications, Press Releases, Orders, etc. issued by the Central Board of Indirect Taxes & Customs (CBIC) in different years, along with Section-wise/ Rule-wise Text of GST Acts/ Rules:
CGST: CGST Act/ Definitions, CGST Rules, GST Forms
IGST: IGST Act/ Definitions, IGST Rules
UTGST: UTGST Act/ Definitions, UTGST Rules
CBIC Circulars (CGST/ IGST/ UTGST): 2023, 2022, 2021, 2020, 2019, 2018, 2017
CBIC GST Instructions: 2022, 2021, 2020, 2019, 2018, 2017
CBIC CGST Notifications: 2023, 2022, 2021, 2020, 2019, 2018, 2017
CBIC CGST Rate Notifications: 2022, 2021, 2020, 2019, 2018, 2017
CBIC IGST Notifications: 2022, 2021, 2020, 2019, 2018, 2017
CBIC IGST Rate Notifications: 2022, 2021, 2020, 2019, 2018, 2017
CBIC UT Tax/ UTGST Notifications: 2022, 2021, 2020, 2019, 2018, 2017
CBIC UT Tax/ UTGST Rate Notifications: 2022, 2021, 2020, 2019, 2018, 2017
CBIC Compensation Cess Notifications: 2022, 2021, 2020, 2019, 2018, 2017
CBIC Compensation Cess Rate Notifications: 2022, 2021, 2020, 2019, 2018, 2017
CBIC Orders (CGST/ IGST/ UTGST): 2023, 2022, 2021, 2020, 2019, 2018, 2017
CBIC Press Releases: 2020, 2019, 2018, 2017
Note: For Official/ updated copy, please visit the CBIC website.

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