The Madhya Pradesh Goods and Services Tax Rules, (Amendment) 2017
F-A-3-33-2018-1-V-(88) Dated:- 29-9-2018 Madhya Pradesh SGST
GST – States
Madhya Pradesh SGST
Madhya Pradesh SGST
Commercial Tax Department
\nMantralaya, Vallabh Bhawan, Bhopal
\nBhopal, Dated 29th September, 2018
\nNo. F.A-3-33-2018-1-V-(88).-In exercise of the powers conferred by section 164 of the Madhya Pradesh Goods and Services Tax Act, 2017 (19 of 2017), the State Government, hereby makes the following rules further to amend the Madhya Pradesh Goods and Services Tax Rules, 2017, namely:-
\nAMENDMENTS
\n1. In the Forms to the Madhya Pradesh Goods and Services Tax Rules, 2017, after FORM GSTR-9A, the following shall be inserted namely:-
\n“FORM GSTR-9C
\nSee rule 80(3)
\nPART – A – Reconciliation Statement
\nPt. I
\nBasic Details
\n1
\nFinancial Year
\n2
\nGSTIN
\n3A
\nLegal Name
\n< Auto >
\n3B
\nTrade Name (if any)
\n4
\n Are you liable to audit under any Act? << Please specify >>
\n(Amount in ₹ in all tables)
\nPt.<\/p>\n
= = = = = = = =<\/p>\n
Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n not permissible under GST = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n but not paid (due to reasons specified under Tables 6,8 and 10 above) = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n eason 2 = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n e 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. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n G = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n here. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n onciliation 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. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n ut the same has not been credited to the ITC ledger for the said financial year shall be declared here. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n . 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. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n , to the best of *my\/our knowledge and belief, were necessary for the purpose of the audit\/ information and explanations which, to the best of *my\/our knowledge and belief, were necessary for the purpose of the audit were not provided\/partially provided to us. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n p;…………………… = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n ts declared by the said Act to be part of, or annexed to, the *profit and loss account\/income and expenditure account and balance sheet. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" The Madhya Pradesh Goods and Services Tax Rules, (Amendment) 2017F-A-3-33-2018-1-V-(88) Dated:- 29-9-2018 Madhya Pradesh SGSTGST – StatesMadhya Pradesh SGSTMadhya Pradesh SGSTCommercial Tax Department Mantralaya, Vallabh Bhawan, Bhopal Bhopal, Dated 29th September, 2018 No. F.A-3-33-2018-1-V-(88).-In exercise of the powers conferred by section 164 of the Madhya Pradesh Goods and Services Tax Act, 2017 (19 of 2017), … Continue reading “The Madhya Pradesh Goods and Services Tax Rules, (Amendment) 2017”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-14845","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/14845","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14845"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/14845\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14845"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14845"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14845"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
For full text:-Visit the Source <\/a><\/p>\n
\n(-)
\nK
\nAdjustments on account of supply of goods by SEZ units to DTA Units
\n(-)
\nL
\nTurnover for the period under composition scheme
\n(-)
\nM
\nAdjustments in turnover under section 15 and rules thereunder
\n(+\/-)
\nN
\nAdjustments in turnover due to foreign exchange fluctuations
\n(+\/-)
\nO
\n Adjustments in turnover due to reasons not listed above
\n(+\/-)
\nP
\nAnnual turnover after adjustments as above
\n< Auto >
\nQ
\nTurnover as declared in Annual Return (GSTR9)
\nR
\nUn-Reconciled turnover (Q – P)
\nAT1
\n6
\nReasons for Un – Reconciled difference in Annual Gross Turnover
\nA
\nB
\nC
\nReason 1
\n<< Text >>
\nReason 2
\n<< Text >>
\nReason 3
\n<< Text >>
\n7
\nReconciliation of Taxable Turnover
\nA
\nAnnual turnover after adjustments (from 5P above)
\nB
\nValue of Exempted, Nil Rated, Non-GST supplies, No-Supply turnover
\nC
\nD
\nE
\nF
\nZero rated supplies without payment of tax
\nSupplies on which tax is to be paid by the recipient on reverse charge basis
\nTaxable turnover as per <\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nTo be paid through Cash
\nDescription
\nTaxable Value
\nCentral tax
\nState tax\/UT tax
\nIntegrated tax
\nCess, if applicable
\n1
\n2
\n3
\n4
\n5
\n6
\n5%
\n12%
\n18%
\n28%
\n3%
\n0.25%
\n0.10%
\nInterest
\nLate Fee
\nPenalty
\nOthers (please specify)
\nPt. IV
\nReconciliation of Input Tax Credit (ITC)
\n12
\nReconciliation of Net Input Tax Credit (ITC)
\nA
\nITC availed as per audited Annual Financial Statement for the State\/ UT (For multi-GSTIN units under same PAN this should be derived from books of accounts)
\nB
\nITC booked in earlier Financial Years claimed in current Financial Year
\n (+)
\nC
\nITC booked in current Financial Year to be claimed in subsequent Financial Years
\n(-)
\nD
\nITC availed as per audited financial statements or books of account
\n < Auto >
\nE
\nITC claimed in Annual Return (GSTR9)
\nF
\nUn-reconciled ITC
\nITC 1
\n13
\nReasons for un-reconciled difference in ITC
\nA
\nB
\nC
\nReason 1
\n << Text >>
\nReason 2
\n << Text >><\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\n<< Text >>
\nReason 3
\n<< Text >>
\n16
\nTax payable on un-reconciled difference in ITC (due to reasons specified in 13 and 15 above)
\nDescription
\n Amount Payable
\nCentral Tax
\nState\/UT Tax
\nIntegrated Tax
\nCess
\nInterest
\nPenalty
\nPt.V
\nAuditor's recommendation on additional Liability due to non-reconciliation
\nTo be paid through Cash
\nDescription
\nValue
\nCentral tax
\nState tax\/UT tax
\nIntegrated tax
\nCess, if applicable
\n1
\n2
\n3
\n4
\n5
\n6
\n5%
\n12%
\n18%
\n28%
\n3%
\n0.25%
\n0.10%
\nInput Tax Credit
\nInterest
\nLate Fee
\nPenalty
\nAny other amount paid for supplies not included in Annual Return (GSTR 9)
\nErroneous refund to be paid back
\nOutstanding demands to be settled
\nOther (Pl. specify)
\nVerification:
\nI hereby solemnly affirm and declare that the information given herein above is true and correct to the best of my knowledge and belief and nothing has been concealed there from.
\n**(Signature and stamp\/Seal of the Auditor)
\nPlace: ……………
\nN<\/p>\n
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\n5B
\nUnbilled 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. 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.
\n(For example, if rupees Ten Crores of unbilled<\/p>\n
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\nTurnover included in the audited Annual Financial Statement for April 2017 to June 2017 shall be declared here.
\n5H
\nUnbilled 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.
\n5I
\nValue 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.
\n5J
\nAggregate 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.
\n5K
\nAggregate value of all goods supplied by SEZs to DTA units for which the DTA units have filed bill of entry shall be declared here.
\n5L
\nThere may be cases where registered persons might have opted out of the composition scheme during the current financial year. Their turnover as per <\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\n5Q
\nAnnual 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).
\n6
\nReasons 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.
\n7
\nThe table provides for reconciliation of taxable turnover from the audited annual turnover after adjustments with the taxable turnover declared in annual return (GSTR-9).
\n7A
\nAnnual turnover as derived in Table 5P above would be auto-populated here.
\n7B
\nValue 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.
\n7C
\nValue 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.
\n7D
\nValue of <\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\n9P
\nThe total amount to be paid as per liability declared in Table 9A to 9O is auto populated here.
\n9Q
\nThe 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).
\n10
\nReasons for non-reconciliation between payable \/ liability declared in Table 9P above and the amount payable in Table 9Q shall be specified here.
\n11
\nAny amount which is payable due to reasons specified under Table 6, 8 and 10 above shall be declared here.
\n6. Part IV consists of reconciliation of Input Tax Credit (ITC). The instructions to fill Part IV are as under:-
\nTable No.
\nInstructions
\n12A
\nITC availed (after rev<\/p>\n
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\n12D
\nITC 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.
\n12E
\nNet ITC available for utilization as declared in Table 7J of Annual Return (GSTR-9) shall be declared here.
\n13
\nReasons for non-reconciliation of ITC as per audited Annual Financial Statement or books of account (Table 12D) and the net ITC (Table-12E) availed in the Annual Return (GSTR-9) shall be specified here.
\n14
\nThis Table is for reconciliation of ITC declared in the Annual Return (GSTR-9) 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 u<\/p>\n
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\n8. Towards, the end of the reconciliation statement taxpayers shall be given an option to pay their taxes as recommended by the auditor.
\nPART – B- CERTIFICATION
\nI. Certification in cases where the reconciliation statement (FORM GSTR-9C) is drawn up by the person who had conducted the audit:
\n* I\/we have examined the-
\n(a) balance sheet as on ………
\n(b) the *profit and loss account\/income and expenditure account for the period beginning from ………..…to ending on ……., and
\n(c) the cash flow statement for the period beginning from ……..…to ending on ………, -attached herewith, of M\/s. …………… (Name), ……<\/p>\n
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\n(B) In *my\/our opinion, proper books of account *have\/have not been kept by the registered person so far as appears from*my\/ our examination of the books.
\n(C) I\/we certify that the balance sheet, the *profit and loss\/income and expenditure account and the cash flow Statement are *in agreement\/not in agreement with the books of account maintained at the Principal place of business at ……………………and ** ……………………additional place of business within the State.
\n4. The documents required to be furnished under section 35 (5) of the CGST Act and Reconciliation Statement required to be furnished under section 44(2) of the CGST Act<\/p>\n
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\n………………………………………
\n………………………………………
\n**(Signature and stamp\/Seal of the Auditor)
\nPlace: ……………
\nName of the signatory …………………
\nMembership No………………
\nDate: ……………
\nFull address ………………………
\nII. 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:
\n*I\/we report that the audit of the books of accounts and the financial statements of M\/s.………………..……&hellip<\/p>\n
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\n2. I\/we report that the said registered person-
\n*has maintained the books of accounts, records and documents as required by the IGST\/CGST\/MPGST GST Act, 2017 and the rules\/notifications made\/issued thereunder
\n*has not maintained the following accounts\/records\/documents as required by the IGST\/CGST\/MPGST GST Act, 2017 and the rules\/notifications made\/issued thereunder:
\n1.
\n2.
\n3.
\n3. The documents required to be furnished under section 35 (5) of the CGST Act and Reconciliation Statement required to be furnished under section 44(2) of the CGST Act is annexed herewith in Form No.GSTR-9C.
\n4. In *my\/our opinion and to the best of *my\/our information and according to examination of books of account including other relevant documents and explanations given to *me\/us, the particulars given in the said Form No.9C are true and correct subject to the follow<\/p>\n
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