CA Pratibha Goyal | Dec 6, 2023 |
ICMAI issues guidance note on GSTR-9 and GSTR-9C Filing
The Taxation Committee of The Institute of Cost Accountants of India (ICMAI) has issued guidance note on Preparation of GST Forms GSTR-9 and GSTR-9C.
ICAI issues Technical Guide on GSTR-9C
GSTR 9 serves as a consolidation of monthly and quarterly returns (GSTR-1, GSTR- 2A/2B, GSTR-3B) submitted throughout the financial year. The Due Date for Filing GSTR-9 and GSTR-9C for FY 2022-23 is 31st December 2023.
ICAI issued Technical Guide on GST Annual Return
An important development worth noting is the exemption granted by the Central Board of Indirect Taxes and Customs (CBIC) to GST-registered taxpayers with an annual aggregate turnover up to Rs. 2 crores in FY 22-23 from filing Form GSTR-9. For those exceeding five crores in turnover, GSTR-9C becomes obligatory. This reconciliation statement necessitates the submission of audited annual accounts and a self-certified reconciliation statement in the specified format.
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