GSTR- 9C RELATED



My turnover is exceeding 2 cores with including Non- gst supply (petrol). Otherwise not exceeding 2 cores. Can I eligible for GSTR-9C... Or Not........
 
Reply   
 

First of all as per Sec 2 of CGST Act,2017 turn over includes non-gst supply but other than reverse. So here ur turnover shall consider as exceeds 2 crores and u are eligible GSTR-9C also.
 
Reply   
 
Student

Yes. You have to file Reconciliation Statement and Audit Report i.e. FORM GSTR-9C.

AGGREGATE TURNOVER as defined u/s 2(6) of the CGST Act 2017, includes "EXEMPT SUPPLY".

And EXEMPT SUPPLY as defined u/s 2(47) of the CGST Act 2017 includes Non-Taxable Supply.

Hence you have to consider the Non-Taxable Supply ( sale of petrol, diesel, ATF etc ) while computing Aggregate Turnover.

Hence you are required to comply with the Provision of Section 35(5) of the CGST Act 2017 read with Rule 80(3) of the CGST Rules 2017 i.e. "GST AUDIT" by a Chartered Accountant or a Cost and Management Accountant.

Warm Regards.

Total likes : 1 times

 
Reply   
 

GST Certification Course


LEAVE A REPLY

Your are not logged in . Please login to post replies

Click here to Login / Register  

 


×

  CCI MENU