ICAI Submited Draft ” GST Audit Report Formats ” to Finance Ministry

ICAI Indirect Tax Committee has recently drafted GST Audit cum Reconciliation Statement format, which has been submitted to the Government for its consideration on 29.05.2018

As per ICAI recommendation GST audit Report to be issued in GSTR 9C and Statement of particulars in GSTR 9D.

For Form GSTR 9D , two Versions are submitted

Version 1 : Taxpayer having turnover upto Rs 10 Crore

Version 2 :Taxpayer having turnover of above Rs 10 Crore

Download ICAI developed and submited GST Audit Report and statement of particulars – 31st May, 2018 Click here  

GST Audit Report

Form GSTR 9C  : GST Audit Report :  [See Section 35(5) and 44(2) of the CGST Act, 2017 and Rule 80 (3) of the CGST Rules 2017 read  with corresponding provisions relevant State GST, UTGST and IGST Laws]

Reconciliation ( Annexure with GSTR 9c)

Annexure A :  Net outward supplies after considering the return of supplies on which output tax is payable

Annexure B Output tax payable including interest, fee, penalty and other levies

Annexure C  : Net inward supplies on which input tax credit has been taken

Annexure  D: Tax payable (including interest, fee, penalty and other levies) on reverse charge
inward supplies

Annexure E: Net input tax credit claimed on inward supplies considering all the reversals,
reductions and reclamations of input tax credit

Annexure F:  Refund claimed

Annexure G : Net outward supplies on which no output tax is payable

Annexure H : Net inward supplies (including reverse charge inward supplies) on which no input tax credit has been taken

Proposed Audit Form in respect of Annual Audit required under the GST Laws – Version I for small Assessee

GST FORM GSTR – 9D  [See rule 80]  : Statement of particulars required to be furnished for the year ended March 31, 20.. under section 35(5) and 44(2) of the CGST Act, 2017 read with corresponding provisions under the relevant State GST, UTGST and IGST Laws

Annexure 1: Supplies effected by the registered person not considered in return

Annexure 2 : Value of non-taxable supplies which have not been considered in the return

Annexure 3 :Details of composite and mixed supplies not determined in accordance with Section 8 of the CGST Act 2017

Annexure 4: Details of inward supplies on which tax payable under reverse charge mechanism (RCM) has not been remitted

Annexure 5: Summary of exempted supplies, non-compliance with condition for exemption, foregone benefit of exemption and incorrect classification

Annexure 6 : Details of transactions where tax has not been paid in accordance with the provisions of time of supply

Annexure 7 : Details of transactions on which the effect of change in rate of tax has not been provided

Annexure 8 Details of outward supply of services where services ceases prior to completion but not taxes discharged

Annexure 9 :Details of supply of goods on ‘sale on approval basis’ exceeding the time limit of 6 months and not offered to tax.

Annexure 10 Instances where place of supply has not been determined under Section 10 – 13 of the CGST Act 2017

Annexure 11 : Details of transactions where transaction value is not accepted and value of supply is based on Rule 27 – 31 of CGST Rules 201

Annexure 12 : Details of transactions wherein the value of supply has been incorrectly determined u/s 15(2) of the CGST Act 2017

Annexure 13: Details of discounts adjusted in contravention with Section 15(3) of the CGST Act 2018

Annexure 14 : Details of supplies where the provisions of Rule 33 of CGST Rules 2017 in respect of pure agent have been contravened

Annexure 15 Details of ineligible input tax credit availed during the year

Annexure 16 : Details where apportionment of credit has not effected in terms of section 17(2) of the CGST Act 2017 read with Rule 42 and 43 of the CGST Rules
2017

Annexure 17 :Cases where inputs and capital goods have not been received within the prescribed time limit and no tax has been offerred on them

Annexure 18 : Date of filing of returns / forms

Annexure 19 : Details of interest on delayed payment of taxes which have not been remitted

Annexure 20 : Details of tax collected but not deposited with the Government

Proposed Audit Form in respect of Annual Audit required under the GST Laws – Version 2

GST FORM GSTR – 9D : [See rule 80] :  Statement of particulars required to be furnished for the year ended March 31, 20..  under section 35(5) and 44(2) of the CGST Act, 2017 read with corresponding provisions under the relevant State GST, UTGST and IGST Laws

Annexure 1 : Supplies effected by the registered person not considered in return

Annexure 2 :Value of non-taxable supplies which have not been considered in the return

Annexure 3 : Transactions reported in GST returns though they are covered under Schedule III
or excluded from the defintion of supplies

Annexure 4 : Details of composite and mixed supplies not determined in accordance with Section 8 of the CGST Act 2017

Annexure 5 Details of inward supplies on which tax payable under reverse charge mechanism (RCM) has not been remitted

Annexure 6 : Summary of exempted supplies, non-compliance with condition for exemption, foregone benefit of exemption and incorrect classificatio

Annexure 7 : Details of transactions where tax has not been paid in accordance with the provisions of time of supply

Annexure 8 : Details of transactions on which the effect of change in rate of tax has not been provided

Annexure 9 Details of outward supply of services where services ceases prior to completion but not taxes discharged

Annexure 10 : Details of supply of goods on ‘sale on approval basis’ exceeding the time limit of 6 months and not offered to tax

Annexure 11 : Instances where place of supply has not been determined under Section 10 – 13 of the CGST Act 2017

Annexure 12 : Details of transactions where transaction value is not accepted and value of supply is based on Rule 27 – 31 of CGST Rules 2017

Annexure 13: Details of transactions where value of supply is based on transaction value although the value ought to have been determined under Rule 27 – 31 of the CGST Rules 2017

Annexure 14 :Details of transactions wherein the value of supply has been incorrectly determined u/s 15(2) of the CGST Act 2017

Annexure 15 :Details of discounts adjusted in contravention with Section 15(3) of the CGST Act 2017

Annexure 16 :Details of transactions wherein the value of supply has been incorrectly determined u/r 31A/32 of the CGST Rules 2017  Annexure 16

Annexure 17 : Details of supplies where the provisions of Rule 33 of CGST Rules 2017 in respect of pure agent have been contravened

Annexure 18 : Details of ineligible input tax credit availed during the year

Annexure 19 : ITC reversal u/s 16(2)

Annexure 20 : Details where apportionment of credit has not effected in terms of section 17(2) of the CGST Act 2017 read with Rule 42 and 43 of the CGST Rules 2017

Annexure 21 : Cases where inputs and capital goods have not been received within the prescribed time limit and no tax has been offerred on them

Annexure 22 Date of filing of returns / forms

Annexure 23 : Details of interest on delayed payment of taxes which have not been remitted

Annexure 2 4 : Details of tax collected but not deposited with the Government

GST Audit : Free Reference Material