GSTR-9C Manual for FY 2022-23
GST ANNUAL RETURN
GSTR-9C Manual for FY 2022-23
GSTR-9C Manual for FY 2022-23
GSTR-9C is a reconciliation statement between the annual GSTR-9 of a financial year and the audited financial statements of the taxpayer.
Due date for filing GSTR-9 & GSTR-9C for FY 2022-23 is 31st Dec 2023.
| Sl No | TURNOVER | GSTR-9 APPLICABILITY | GSTR-9C APPLICABILITY |
| 1. | Aggregate turnover is Less than Rs 2 crore. | No (Can File Voluntarily) | No (Can File Voluntarily) |
| 2 | Aggregate turnover is exceeds Rs 2 crore but upto Rs 5 Crores. | Yes | No (Can File Voluntarily) |
| 3 | Aggregate turnover exceeds Rs 5 Crores | Yes | Yes |
Taxpayers having aggregate turnover upto Rs.5 Crores are exempted from filing GSTR-9C for FY 2022-23 vide Rule 80(3) of CGST Rules. All other taxpayers are required to file GSTR-9C for FY 2022-23.
Following List of Taxpayers need not to file GSTR-9 & GSTR9C:
ISD, Taxpayers opting for Composition scheme, Casual taxable person, NRTP, Persons paying TDS under section 51 or TCS under section 52, Persons supplying OIDAR services from out of India to a person in India
LATE FEE FOR DELAYED FILING OF GSTR-9 & GSTR-9C FOR FY-2022-23 | ||
| SL.NO | ANNUAL TURNOVER | LATE FEE |
1 | Upto Rs 5 Crore | Rs 50 per day (Rs25 + Rs25/-), Subject to the maximum of an amount of 0.04% of turnover in the state or Union territory |
2 | Rs 5 crores to Rs 20 crores | Rs. 50 per day (Rs25 + Rs25/-), Subject to a maximum of an amount of 0.04% of turnover in the state or Union territory |
3 | More than Rs 20 Crores | Rs 200 per day (Rs100 + Rs100/-), Subject to a maximum of an amount of 0.5% of turnover in the state or Union territory |
INTEREST COMPUTATION UNDER SECTION 50 READ WITH RULE 88B | ||
| SL.NO | NATURE OF LIABILITY | COMPUTATION |
1 |
Output liability | @ 18% p.a. - On Net Tax Liability - Where supplies made during tax period are declared in the return for the said period. If not then @ 18% p.a. on Gross Tax Liability (irrespective of ITC balance availability.) |
2 | RCM liability | @18% p.a. - Always on Gross basis as RCM tax liability is always payable in cash. |
3 | ITC | @18% p.a. - Only when ITC ‘wrongly availed and utilized’ exceeds the balance in electronic credit ledger. Where ‘IGST ITC wrongly availed and utilized’, then total balance in electronic credit ledger under the heads of IGST + CGST + SGST taken together has to be considered for calculation of interest under section 50(3) read with rule 88B |
GSTR-9C MANDATORY V/S OPTIONAL REPORTING FOR FY 2022-23
5. Reconciliation of Gross Turnover
Table No | Heading | Nature | CBIC Instruction | Remarks |
| 5A | Turnover (including exports) as per Audited Financial Statement for the State / UT (For multi-GSTIN units under same PAN, the turnover shall as be derived from the Audited Annual Financial Statements) |  | The turnover as per the audited Annual Financial Statement shall be declared here. There may be cases where multiple GSTINs (State-wise) registrations exist on the same PAN. This is common for persons / entities with presence over multiple States. Such persons / entities, will have to internally derive their GSTIN wise turnover and declare the same here. This shall include export turnover (if any). It may be noted that reference to audited Annual Financial Statement includes reference to books of accounts in case of persons / entities having presence over multiple States. | |
| 5B | Unbilled revenue at the beginning of the Financial Year |  | Unbilled revenue which was recorded in the books of accounts on the basis of accrual system of accounting in the last financial year and was carried forward to the current financial year shall be declared here. 5 [For 14 [FY 2017-18, 21 [2018-19, 25 [2019-20, 28 [2020-21, 2021-22 and 2022-23]]]], the registered person shall have an option to not fill this table. If there are any adjustments required to be reported then the same may be reported in Table 5O.] In other words, when GST is payable during the financial year on such revenue (which was recognized earlier), the value of such revenue shall be declared here. (For example, if rupees Ten Crores of unbilled revenue existed for the financial year 2016-17, and during the current financial year, GST was paid on rupees Four Crores of such revenue, then value of rupees Four Crores rupees shall be declared here) | If required, 5B may be reported in 5O. |
| 5C | Unadjusted advances at the end of the Financial Year |  | Value of all advances for which GST has been paid but the same has not been recognized as revenue in the audited Annual Financial Statement shall be declared here. 5 [For 14 [FY 2017-18, 21 [2018-19, 25 [2019-20, 2020- 21 and 2021-22]]], the registered person shall have an option to not fill this table. If there are any adjustments required to be reported then the same may be reported in Table 5O.] | |
| 5D | Deemed Supply under Schedule I |  | Aggregate value of deemed supplies under Schedule I of the CGST Act, 2017 shall be declared here. Any deemed supply which is already part of the turnover in the audited Annual Financial Statement is not required to be included here. 6 [For 14 [FY 2017-18, 21 [2018-19, 25 [2019-20, 2020- 21 and 2021-22]]], the registered person shall have an option to not fill this table. If there are any adjustments required to be reported then the same may be reported in Table 5O.] | |
| 5E | Credit Notes issued after the end of the financial year but reflected in the annual return |  | Aggregate value of credit notes which were issued after 31st of March for any supply accounted in the current financial year but such credit notes were reflected in the annual return (GSTR-9) shall be declared here. 7 [For 14 [FY 2017-18, 21 [2018-19, 25 [2019-20, 2020- 21 and 2021-22]]], the registered person shall have an option to not fill this table. If there are any adjustments required to be reported then the same may be reported in Table 5O.] | |
| 5F | Trade Discounts A accounted for in the audited Annual Financial Statement but are not permissible under GST |  | Trade discounts which are accounted for in the audited Annual Financial Statement but on which GST was leviable (being not permissible) shall be declared here. 7 [For 14 [FY 2017-18, 21 [2018-19, 25 [2019-20, 2020- 21 and 2021-22]]], the registered person shall have an option to not fill this table. If there are any adjustments required to be reported then the same may be reported in Table 5O.] | |
| 5G | Turnover from April 2017 to June 2017 |  | Turnover included in the audited Annual Financial Statement for April 2017 to June 2017 shall be declared here. 8 [For FY 2017-18, the registered person shall have an option to not fill this table. If there are any adjustments required to be reported then the same may be reported in Table 5O.] | Not relevant for FY 2022-23. |
| 5H | Unbilled revenue as at the end of the Financial Year |  | Unbilled revenue which was recorded in the books of accounts on the basis of accrual system of accounting during the current financial year but GST was not payable on such revenue in the same financial year shall be declared here. 9 [For 14 [FY 2017-18, 21 [2018-19, 25 [2019- 20, 2020-21 and 2021-22]]], the registered person shall have an option to not fill this table. If there are any adjustments required to be reported then the same may be reported in Table 5O.] | |
| 5I | Unadjusted Advances as at the beginning of the Financial Year |  | Value of all advances for which GST has not been paid but the same has been recognized as revenue in the audited Annual Financial Statement shall be declared here. 9 [For 14 [FY 2017-18, 21 [2018-19, 25 [2019-20, 2020- 21 and 2021-22]]], the registered person shall have an option to not fill this table. If there are any adjustments required to be reported then the same may be reported in Table 5O.] | |
| 5J | Credit notes accounted for in the audited Annual Financial Statement but are not permissible under GST |  | Aggregate value of credit notes which have been accounted for in the audited Annual Financial Statement but were not admissible under Section 34 of the CGST Act shall be declared here. 9 [For 14 [FY 2017-18, 21 [2018- 19, 25 [2019-20, 2020-21 and 2021-22]]], the registered person shall have an option to not fill this table. If there are any adjustments required to be reported then the same may be reported in Table 5O.] | |
| 5K | Adjustments on account of supply of goods by SEZ units to DTA Units |  | Aggregate value of all goods supplied by SEZs to DTA units for which the DTA units have filed bill of entry shall be declared here. 9 [For 14 [FY 2017-18, 21 [2018- 19, 25 [2019-20, 2020-21 and 2021-22]]], the registered person shall have an option to not fill this table. If there are any adjustments required to be reported then the same may be reported in Table 5O.] | |
| 5L | Turnover for the period under composition scheme |  | There may be cases where registered persons might have opted out of the composition scheme during the current financial year. Their turnover as per the audited Annual Financial Statement would include turnover both as composition taxpayer as well as normal taxpayer. Therefore, the turnover for which GST was paid under the composition scheme shall be declared here. 9 [For 14 [FY 2017-18, 21 [2018-19, 25 [2019-20, 2020-21 and 2021-22]]], the registered person shall have an option to not fill this table. If there are any adjustments required to be reported then the same may be reported in Table 5O.] | |
| 5M | Adjustments in turnover under section 15 and rules thereunder |  | There may be cases where the taxable value and the invoice value differ due to valuation principles under section 15 of the CGST Act, 2017 and rules thereunder. Therefore, any difference between the turnover reported in the Annual Return (GSTR 9) and turnover reported in the audited Annual Financial Statement due to difference in valuation of supplies shall be declared here. 9 [For 14 [FY 2017-18, 21 [2018-19, 25 [2019-20, 2020-21 and 2021-22]]], the registered person shall have an option to not fill this table. If there are any adjustments required to be reported then the same may be reported in Table 5O.] | |
| 5N | Adjustments in Turnover due to foreign exchange fluctuation |  | Any difference between the turnover reported in the Annual Return (GSTR9) and turnover reported in the audited Annual Financial Statement due to foreign exchange fluctuations shall be declared here. 9 [For 14 [FY 2017-18, 21 [2018-19, 25 [2019-20, 2020-21 and 2021-22]]], the registered person shall have an option to not fill this table. If there are any adjustments required to be reported then the same may be reported in Table 5O.] | |
| 5O | Adjustment in Turnover due to reasons not listed above |  | Any difference between the turnover reported in the Annual Return (GSTR9) and turnover reported in the audited Annual Financial Statement due to reasons not listed above shall be declared here. | Fill this column, if applicable. |
| 5P | Annual Turnover after adjustments as above(A+B+C+D-E+F-G-HI+J-K-L+M+N+O) |  |
| |
| 5Q | Turnover as declared in Annual return (GSTR9) |  | Annual turnover as declared in the Annual Return (GSTR 9) shall be declared here. This turnover may be derived from Sr. No. 5N, 10 and 11 of Annual Return (GSTR 9). | |
| 5R | Un-Reconciled turnover (QP) |  |
|
6. Reasons for Un-Reconciled difference in Annual Gross Turnover
Table No | Heading | Nature | CBIC Instruction | Remarks |
| 6A | Reasons |  | Reasons for non-reconciliation between the annual turnover declared in the audited Annual Financial Statement and turnover as declared in the Annual Return (GSTR 9) shall be specified here. |
7. Reconciliation of Taxable Turnover
Table No | Heading | Nature | CBIC Instruction | Remarks |
| 7A | Annual Turnover after adjustments [from 5(P) above] |  | Annual turnover as derived in Table 5P above would be auto-populated here. | |
| 7B | Value of Exempted, Nil Rated, Non-GST Turnover, No supply turnover |  | Value of exempted, nil rated, non-GST and no-supply turnover shall be declared here. This shall be reported net of credit notes, debit notes and amendments if any. | |
| 7C | Zero rated supplies without payment of tax |  | Value of zero rated supplies (including supplies to SEZs) on which tax is not paid shall be declared here. This shall be reported net of credit notes, debit notes and amendments if any. | |
| 7D | Supplies on which tax is to be paid by the recipient on reverse charge basis |  | Value of reverse charge supplies on which tax is to be paid by the recipient shall be declared here. This shall be reported net of credit notes, debit notes and amendments if any. | |
| 7E | Taxable turnover as per adjustments above (A-B-C-D) |  | The taxable turnover is derived as the difference between the annual turnover after adjustments declared in Table 7A above and the sum of all supplies (exempted, non-GST, reverse charge etc.) declared in Table 7B, 7C and 7D above. | |
| 7F | Taxable turnover as per liability declared in Annual Return (GSTR9) |  | Taxable turnover as declared in Table (4N - 4G) + (10-11) of the Annual Return (GSTR9) shall be declared here. | |
| 7G | Unreconciled Taxable Turnover (F-E) |  |
|
8. Reasons for Un-Reconciled difference in taxable turnover
Table No | Heading | Nature | CBIC Instruction | Remarks |
| 8A | Reasons |  | Reasons for non-reconciliation between adjusted annual taxable turnover as derived from Table 7E above and the taxable turnover declared in Table 7F shall be specified here. |
9. Reconciliation of rate wise liability and amount payable thereon
The table provides for reconciliation of tax paid as per reconciliation statement and amount of tax paid as declared in Annual Return (GSTR 9). Under the head labelled - RC, supplies where tax was paid on reverse charge basis by the recipient (i.e. the person for whom reconciliation statement has been prepared) shall be declared.
Table No | Heading | Nature | CBIC Instruction | Remarks |
| 9A | 5% |  |
| |
| 9B | 5% (RC) |  |
| |
| 9C | 12% |  |
| |
| 9D | 12% (RC) |  |
| |
| 9E | 18% |  |
| |
| 9F | 18% (RC) |  |
| |
| 9G | 28% |  |
| |
| 9H | 28% (RC) |  |
| |
| 9I | 3% |  |
| |
| 9J | 0.25% |  |
| |
| 9K | 0.10% |  |
| |
| 9L | INTEREST |  |
| |
| 9M | LATE FEE |  |
| |
| 9N | PENALTY |  |
| |
| 9O | OTHER |  |
| |
| 9P | Total amount to be paid as per tables above (A to O) |  | The total amount to be paid as per liability declared in Table 9A to 9O is auto populated here. | |
| 9Q | Total amount paid as declared in Annual Return (GSTR 9) |  | The amount payable as declared in Table 9 of the Annual Return (GSTR9) shall be declared here. It should also contain any differential tax paid on Table 10 or 11 of the Annual Return (GSTR9). | |
| 9R | Un-reconciled payment (Q-P) |  |
|
10. Reasons for un-reconciled payment of amount
Table No | Heading | Nature | CBIC Instruction | Remarks |
| 10 A | Reasons |  | Reasons for non-reconciliation between payable / liability declared in Table 9P above and the amount payable in Table 9Q shall be specified here. |
11. Additional amount payable but not paid (due to reasons specified under Tables 6,8 and 10 above)
Any amount which is payable due to reasons specified under Table 6, 8 and 10 above shall be declared here.
Table No | Heading | Nature | CBIC Instruction | Remarks |
| 11A | 5% |  |
| Fill, if applicable. |
| 11B | 12% |  |
| Fill, if applicable. |
| 11C | 18% |  |
| Fill, if applicable. |
| 11D | 28% |  |
| Fill, if applicable. |
| 11E | 3% |  |
| Fill, if applicable. |
| 11F | 0.25% |  |
| Fill, if applicable. |
| 11G | 0.10% |  |
| Fill, if applicable. |
| 11H | INTEREST |  |
| Fill, if applicable. |
| 11I | LATE FEE |  |
| Fill, if applicable. |
| 11J | PENALTY |  |
| Fill, if applicable. |
| 11K | OTHER |  |
| Fill, if applicable. |
12. Reconciliation of Net Input Tax Credit (ITC)
Table No | Heading | Nature | CBIC Instruction | Remarks |
| 12A | ITC availed as per audited Annual Financial Statement for the State/ UT (For multiGSTIN units under same PAN, this should be derived from books of accounts) |  | ITC availed (after reversals) as per the audited Annual Financial Statement shall be declared here. There may be cases where multiple GSTINs (State-wise) registrations exist on the same PAN. This is common for persons / entities with presence over multiple States. Such persons / entities, will have to internally derive their ITC for each individual GSTIN and declare the same here. It may be noted that reference to audited Annual Financial Statement includes reference to books of accounts in case of persons / entities having presence over multiple States. | |
| 12B | ITC booked in earlier Financial Years claimed in current Financial Year |  | Any ITC which was booked in the audited Annual Financial Statement of earlier financial year(s) but availed in the ITC ledger in the financial year for which the reconciliation statement is being filed for shall be declared here. This shall include transitional credit which was booked in earlier years but availed during Financial Year 2017-18. 10 [For 15 [FY 2017-18, 22 [2018-19, 2019-20 and 2020- 21]], the registered person shall have an option to not fill this Table.] | |
| 12C | ITC booked in current Financial Year to be claimed in subsequent Financial Years |  | Any ITC which has been booked in the audited Annual Financial Statement of the current financial year but the same has not been credited to the ITC ledger for the said financial year shall be declared here. 11 [For 15 [FY 2017-18, 22 [2018-19, 2019-20 and 2020- 21]], the registered person shall have an option to not fill this Table.] | |
| 12D | ITC availed as per audited financial statements or books of accounts (A + B - C) |  | ITC availed as per audited Annual Financial Statement or books of accounts as derived from values declared in Table 12A, 12B and 12C above will be auto-populated here. | |
| 12E | ITC claimed in Annual Return (GSTR9) |  | Net ITC available for utilization as declared in Table 7J of Annual Return (GSTR9) shall be declared here. | |
| 12F | Un-reconciled ITC (E-D) |  |
|
13. Reasons for un-reconciled difference in ITC
Table No | Heading | Nature | CBIC Instruction | Remarks |
| 13A |  | Reasons for non-reconciliation of ITC as per audited Annual Financial Statement or books of account (Table 12D) and the net ITC (Table12E) availed in the Annual Return (GSTR9) shall be specified here. |
14. Reconciliation of ITC declared in Annual Return (GSTR9) with ITC availed on expenses as per audited Annual Financial Statement or books of account
Table No | Heading | Nature | CBIC Instruction | Remarks |
| 14A | Purchases |  | This table is for reconciliation of ITC declared in the Annual Return (GSTR9) against the expenses booked in the audited Annual Financial Statement or books of account. The various sub-heads specified under this table are general expenses in the audited Annual Financial Statement or books of account on which ITC may or may not be available. Further, this is only an indicative list of heads under which expenses are generally booked. Taxpayers may add or delete any of these heads but all heads of expenses on which GST has been paid / was payable are to be declared here. 12 [For 15 [FY 2017-18, 22 [2018-19, 26 [2019-20, 28 [2020-21, 2021-22 and 2022-23]]]], the registered person shall have an option to not fill this Table.] | |
| 14B | Freight / Carriage |  | This table is for reconciliation of ITC declared in the Annual Return (GSTR9) against the expenses booked in the audited Annual Financial Statement or books of account. The various sub-heads specified under this table are general expenses in the audited Annual Financial Statement or books of account on which ITC may or may not be available. Further, this is only an indicative list of heads under which expenses are generally booked. Taxpayers may add or delete any of these heads but all heads of expenses on which GST has been paid / was payable are to be declared here. 12 [For 15 [FY 2017-18, 22 [2018-19, 26 [2019- 20, 28 [2020-21, 2021-22 and 2022-23]]]], the registered person shall have an option to not fill this Table.] | |
| 14C | Power and Fuel Costs |  | This table is for reconciliation of ITC declared in the Annual Return (GSTR9) against the expenses booked in the audited Annual Financial Statement or books of account. The various sub-heads specified under this table are general expenses in the audited Annual Financial Statement or books of account on which ITC may or may not be available. Further, this is only an indicative list of heads under which expenses are generally booked. Taxpayers may add or delete any of these heads but all heads of expenses on which GST has been paid / was payable are to be declared here. 12 [For 15 [FY 2017-18, 22 [2018-19, 26 [2019- 20, 28 [2020-21, 2021-22 and 2022-23]]]], the registered person shall have an option to not fill this Table.] | |
| 14D | Imported goods (Including received from SEZ) |  | This table is for reconciliation of ITC declared in the Annual Return (GSTR9) against the expenses booked in the audited Annual Financial Statement or books of account. The various sub-heads specified under this table are general expenses in the audited Annual Financial Statement or books of account on which ITC may or may not be available. Further, this is only an indicative list of heads under which expenses are generally booked. Taxpayers may add or delete any of these heads but all heads of expenses on which GST has been paid / was payable are to be declared here. 12 [For 15 [FY 2017-18, 22 [2018-19, 26 [2019- 20, 28 [2020-21, 2021-22 and 2022-23]]]], the registered person shall have an option to not fill this Table.] | |
| 14E | Rent and Insurance Expense |  | This table is for reconciliation of ITC declared in the Annual Return (GSTR9) against the expenses booked in the audited Annual Financial Statement or books of account. The various sub-heads specified under this table are general expenses in the audited Annual Financial Statement or books of account on which ITC may or may not be available. Further, this is only an indicative list of heads under which expenses are generally booked. Taxpayers may add or delete any of these heads but all heads of expenses on which GST has been paid / was payable are to be declared here. 12 [For 15 [FY 2017-18, 22 [2018-19, 26 [2019- 20, 28 [2020-21, 2021-22 and 2022-23]]]], the registered person shall have an option to not fill this Table.] | |
| 14F | Goods lost, stolen, destroyed, written off or disposed of by way of gift or free samples |  | This table is for reconciliation of ITC declared in the Annual Return (GSTR9) against the expenses booked in the audited Annual Financial Statement or books of account. The various sub-heads specified under this table are general expenses in the audited Annual Financial Statement or books of account on which ITC may or may not be available. Further, this is only an indicative list of heads under which expenses are generally booked. Taxpayers may add or delete any of these heads but all heads of expenses on which GST has been paid / was payable are to be declared here. 12 [For 15 [FY 2017-18, 22 [2018-19, 26 [2019- 20, 28 [2020-21, 2021-22 and 2022-23]]]], the registered person shall have an option to not fill this Table.] | |
| 14G | Royalties |  | This table is for reconciliation of ITC declared in the Annual Return (GSTR9) against the expenses booked in the audited Annual Financial Statement or books of account. The various sub-heads specified under this table are general expenses in the audited Annual Financial Statement or books of account on which ITC may or may not be available. Further, this is only an indicative list of heads under which expenses are generally booked. Taxpayers may add or delete any of these heads but all heads of expenses on which GST has been paid / was payable are to be declared here. 12 [For 15 [FY 2017-18, 22 [2018-19, 26 [2019- 20, 28 [2020-21, 2021-22 and 2022-23]]]], the registered person shall have an option to not fill this Table.] | |
| 14H | Employee's Cost (Salaries, Wages, Bonus etc .) |  | This table is for reconciliation of ITC declared in the Annual Return (GSTR9) against the expenses booked in the audited Annual Financial Statement or books of account. The various sub-heads specified under this table are general expenses in the audited Annual Financial Statement or books of account on which ITC may or may not be available. Further, this is only an indicative list of heads under which expenses are generally booked. Taxpayers may add or delete any of these heads but all heads of expenses on which GST has been paid / was payable are to be declared here. 12 [For 15 [FY 2017-18, 22 [2018-19, 26 [2019- 20, 28 [2020-21, 2021-22 and 2022-23]]]], the registered person shall have an option to not fill this Table.] | |
| 14I | Conveyance charges |  | This table is for reconciliation of ITC declared in the Annual Return (GSTR9) against the expenses booked in the audited Annual Financial Statement or books of account. The various sub-heads specified under this table are general expenses in the audited Annual Financial Statement or books of account on which ITC may or may not be available. Further, this is only an indicative list of heads under which expenses are generally booked. Taxpayers may add or delete any of these heads but all heads of expenses on which GST has been paid / was payable are to be declared here. 12 [For 15 [FY 2017-18, 22 [2018-19, 26 [2019- 20, 28 [2020-21, 2021-22 and 2022-23]]]], the registered person shall have an option to not fill this Table.] | |
| 14J | Bank Charges |  | This table is for reconciliation of ITC declared in the Annual Return (GSTR9) against the expenses booked in the audited Annual Financial Statement or books of account. The various sub-heads specified under this table are general expenses in the audited Annual Financial Statement or books of account on which ITC may or may not be available. Further, this is only an indicative list of heads under which expenses are generally booked. Taxpayers may add or delete any of these heads but all heads of expenses on which GST has been paid / was payable are to be declared here. 12 [For 15 [FY 2017-18, 22 [2018-19, 26 [2019- 20, 28 [2020-21, 2021-22 and 2022-23]]]], the registered person shall have an option to not fill this Table.] | |
| 14K | Entertainment charges |  | This table is for reconciliation of ITC declared in the Annual Return (GSTR9) against the expenses booked in the audited Annual Financial Statement or books of account. The various sub-heads specified under this table are general expenses in the audited Annual Financial Statement or books of account on which ITC may or may not be available. Further, this is only an indicative list of heads under which expenses are generally booked. Taxpayers may add or delete any of these heads but all heads of expenses on which GST has been paid / was payable are to be declared here. 12 [For 15 [FY 2017-18, 22 [2018-19, 26 [2019- 20, 28 [2020-21, 2021-22 and 2022-23]]]], the registered person shall have an option to not fill this Table.] | |
| 14L | Stationery Expenses (including postage etc.) |  | This table is for reconciliation of ITC declared in the Annual Return (GSTR9) against the expenses booked in the audited Annual Financial Statement or books of account. The various sub-heads specified under this table are general expenses in the audited Annual Financial Statement or books of account on which ITC may or may not be available. Further, this is only an indicative list of heads under which expenses are generally booked. Taxpayers may add or delete any of these heads but all heads of expenses on which GST has been paid / was payable are to be declared here. 12 [For 15 [FY 2017-18, 22 [2018-19, 26 [2019- 20, 28 [2020-21, 2021-22 and 2022-23]]]], the registered person shall have an option to not fill this Table.] | |
| 14M | Repair and Maintenance |  | This table is for reconciliation of ITC declared in the Annual Return (GSTR9) against the expenses booked in the audited Annual Financial Statement or books of account. The various sub-heads specified under this table are general expenses in the audited Annual Financial Statement or books of account on which ITC may or may not be available. Further, this is only an indicative list of heads under which expenses are generally booked. Taxpayers may add or delete any of these heads but all heads of expenses on which GST has been paid / was payable are to be declared here. 12 [For 15 [FY 2017-18, 22 [2018-19, 26 [2019- 20, 28 [2020-21, 2021-22 and 2022-23]]]], the registered person shall have an option to not fill this Table.] | |
| 14N | Other Miscellaneous expenses |  | This table is for reconciliation of ITC declared in the Annual Return (GSTR9) against the expenses booked in the audited Annual Financial Statement or books of account. The various sub-heads specified under this table are general expenses in the audited Annual Financial Statement or books of account on which ITC may or may not be available. Further, this is only an indicative list of heads under which expenses are generally booked. Taxpayers may add or delete any of these heads but all heads of expenses on which GST has been paid / was payable are to be declared here. 12 [For 15 [FY 2017-18, 22 [2018-19, 26 [2019- 20, 28 [2020-21, 2021-22 and 2022-23]]]], the registered person shall have an option to not fill this Table.] | |
| 14O | Capital goods |  | This table is for reconciliation of ITC declared in the Annual Return (GSTR9) against the expenses booked in the audited Annual Financial Statement or books of account. The various sub-heads specified under this table are general expenses in the audited Annual Financial Statement or books of account on which ITC may or may not be available. Further, this is only an indicative list of heads under which expenses are generally booked. Taxpayers may add or delete any of these heads but all heads of expenses on which GST has been paid / was payable are to be declared here. 12 [For 15 [FY 2017-18, 22 [2018-19, 26 [2019- 20, 28 [2020-21, 2021-22 and 2022-23]]]], the registered person shall have an option to not fill this Table.] | |
| 14P | Any other expense 1 |  | This table is for reconciliation of ITC declared in the Annual Return (GSTR9) against the expenses booked in the audited Annual Financial Statement or books of account. The various sub-heads specified under this table are general expenses in the audited Annual Financial Statement or books of account on which ITC may or may not be available. Further, this is only an indicative list of heads under which expenses are generally booked. Taxpayers may add or delete any of these heads but all heads of expenses on which GST has been paid / was payable are to be declared here. 12 [For 15 [FY 2017-18, 22 [2018-19, 26 [2019- 20, 28 [2020-21, 2021-22 and 2022-23]]]], the registered person shall have an option to not fill this Table.] | |
| 14Q | Any other expense 2 |  | This table is for reconciliation of ITC declared in the Annual Return (GSTR9) against the expenses booked in the audited Annual Financial Statement or books of account. The various sub-heads specified under this table are general expenses in the audited Annual Financial Statement or books of account on which ITC may or may not be available. Further, this is only an indicative list of heads under which expenses are generally booked. Taxpayers may add or delete any of these heads but all heads of expenses on which GST has been paid / was payable are to be declared here. 12 [For 15 [FY 2017-18, 22 [2018-19, 26 [2019- 20, 28 [2020-21, 2021-22 and 2022-23]]]], the registered person shall have an option to not fill this Table.] | |
| 14R | Total amount of eligible ITC availed (A to Q) |  | This table is for reconciliation of ITC declared in the Annual Return (GSTR9) against the expenses booked in the audited Annual Financial Statement or books of account. The various sub-heads specified under this table are general expenses in the audited Annual Financial Statement or books of account on which ITC may or may not be available. Further, this is only an indicative list of heads under which expenses are generally booked. Taxpayers may add or delete any of these heads but all heads of expenses on which GST has been paid / was payable are to be declared here. 12 [For 15 [FY 2017-18, 22 [2018-19, 26 [2019- 20, 28 [2020-21, 2021-22 and 2022-23]]]], the registered person shall have an option to not fill this Table.] Total ITC declared in Table 14A to 14Q above shall be auto populated here. | |
| 14S | ITC claimed in Annual Return (GSTR9) |  | This table is for reconciliation of ITC declared in the Annual Return (GSTR9) against the expenses booked in the audited Annual Financial Statement or books of account. The various sub-heads specified under this table are general expenses in the audited Annual Financial Statement or books of account on which ITC may or may not be available. Further, this is only an indicative list of heads under which expenses are generally booked. Taxpayers may add or delete any of these heads but all heads of expenses on which GST has been paid / was payable are to be declared here. 12 [For 15 [FY 2017-18, 22 [2018-19, 26 [2019- 20, 28 [2020-21, 2021-22 and 2022-23]]]], the registered person shall have an option to not fill this Table.] Net ITC availed as declared in the Annual Return (GSTR9) shall be declared here. Table 7J of the Annual Return (GSTR9) may be used for filing this Table. | |
| 14T | Un-reconciled ITC (S-R) |  |
|
15. Reasons for un-reconciled difference in ITC
Table No | Heading | Nature | CBIC Instruction | Remarks |
| 15A | Reasons |  | Reasons for non-reconciliation between ITC availed on the various expenses declared in Table 14R and ITC declared in Table 14S shall be specified here. |
16. Tax payable on un-reconciled difference in ITC (due to reasons specified in 13 and 15 above)
Any amount which is payable due to reasons specified in Table 13 and 15 above shall be declared here.
Table No | Heading | Nature | CBIC Instruction | Remarks |
| 16A | Central Tax |  |
| Fill, if applicable. |
| 16B | State tax /UT tax |  |
| Fill, if applicable. |
| 16C | Integrated Tax |  |
| Fill, if applicable. |
| 16D | Cess |  |
| Fill, if applicable. |
| 16E | Interest |  |
| Fill, if applicable. |
| 16F | Penalty |  |
| Fill, if applicable. |
References:
1. Inserted vide Notification No. 49/2018 - Central Tax dated 13-09-2018
2. Substituted vide Notification No. 74/2018 - Central Tax dated 31-12-2018.
3. Substituted vide Notification No. 56/2019 - Central Tax dated 14-11-2019 before it was read as "FY 2017-18"
4. Inserted vide Notification No. 56/2019 - Central Tax dated 14-11-2019
5. Inserted vide Notification No. 56/2019 - Central Tax dated 14-11-2019
6. Inserted vide Notification No. 56/2019 - Central Tax dated 14-11-2019
7. Inserted vide Notification No. 56/2019 - Central Tax dated 14-11-2019
8. Inserted vide Notification No. 56/2019 - Central Tax dated 14-11-2019
9. Inserted vide Notification No. 56/2019 - Central Tax dated 14-11-2019
10. Inserted vide Notification No. 56/2019 - Central Tax dated 14-11-2019
11. Inserted vide Notification No. 56/2019 - Central Tax dated 14-11-2019
12. Inserted vide Notification No. 56/2019 - Central Tax dated 14-11-2019
13. Substituted vide Notification No. 56/2019 - Central Tax dated 14-11-2019
14. Substituted vide NOTIFICATION NO. 79/2020 - Central Tax dated 15-10-2020 before it was read as "FY 2017-18 and 2018-19"
15. Substituted vide NOTIFICATION NO. 79/2020 - Central Tax dated 15-10-2020 before it was read as "FY 2017-18 and 2018-19"
16. Inserted vide NOTIFICATION No. 30/2021-Central Tax dated 30-07-2021
17. Inserted vide NOTIFICATION No. 30/2021-Central Tax dated 30-07-2021
18. Substituted vide NOTIFICATION No. 30/2021-Central Tax dated 30-07-2021 before it was read as
"Auditor's recommendation on additional Liability due to non-reconciliation"
19. Inserted vide NOTIFICATION No. 30/2021-Central Tax dated 30-07-2021
20. Substituted vide NOTIFICATION No. 30/2021-Central Tax dated 30-07-2021
21. Substituted vide NOTIFICATION No. 30/2021-Central Tax dated 30-07-2021 before it was read as "2018-19 and 2019-20"
22. Substituted vide NOTIFICATION No. 30/2021-Central Tax dated 30-07-2021 before it was read as "2018-19 and 2019-20"
23. Substituted vide NOTIFICATION No. 30/2021-Central Tax dated 30-07-2021 before it was read as
"7. Part V consists of the auditor’s recommendation on the additional liability to be discharged by the taxpayer due to non-reconciliation of
turnover or non-reconciliation of input tax credit. The auditor shall also recommend if there is any other amount to be paid for supplies not
included in the Annual Return. Any refund which has been erroneously taken and shall be paid back to the Government shall also be declared in
this table. Lastly, any other outstanding demands which is recommended to be settled by the auditor shall be declared in this Table."
24. Omitted vide NOTIFICATION No. 30/2021-Central Tax dated 30-07-2021
25. Substituted vide NOTIFICATION NO. 14/2022-Central Tax dated 05-07-2022 before it was read as, "2019-20 and 2020-21"
26. Substituted vide NOTIFICATION NO. 14/2022-Central Tax dated 05-07-2022 before it was read as, "2019-20 and 2020-21"
27. Inserted vide NOTIFICATION No. 38/2023-Central Tax dated 04-08-2023.
28. Substituted vide NOTIFICATION NO.38/2023-Central Tax dated 04.08.2023 before it was read as, "2020-21 and 2021-22".
DISCLAIMER:-
(Note: Information compiled above is based on my understanding and review. Any suggestions to improve above information are welcome with folded hands, with appreciation in advance. All readers are requested to form their considered views based on their own study before deciding conclusively in the matter. Team BRQ ASSOCIATES & Author disclaim all liability in respect to actions taken or not taken based on any or all the contents of this article to the fullest extent permitted by law. Do not act or refrain from acting upon this information without seeking professional legal counsel.)
In case if you have any query or require more information please feel free to revert us anytime. Feedbacks are invited at brqgst@gmail.com or contact at 9633181898 or via WhatsApp at 9633181898.
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