CA Certificate Formats u/s 18(1)(b) of CGST Act/SGST Act
ICAI indirect tax Committee has issued the issued a set of various draft ‘ Certificates under GST Law (SGST/ CGST Acts)
Certificate under the State Goods and Services Tax Act, 2017 (in short “SGST Act”) and the Central Goods and Services Tax Act, 2017 (in short “CGST Act”) in terms of Section 18(1)(b) of the said Acts
1. M/s. __________________ (hereinafter referred to as the “Applicant’) is a registered person vide GSTIN…………… and is having its principal place of business at
____________________________________________________ in the State of ________. The
Applicant has the following additional places of business duly registered in the State of ______:
a. _________________________________________________
b. _________________________________________________
The principal place of business and the additional places of business in the State of _________
have been registered with effect from ___________.
2. In terms of Section 18(1)(b) of the CGST and SGST Acts, 2017 the Applicant is eligible to avail
Input Tax Credit in respect of inputs held in stock and inputs contained in semi-finished or finished
goods held in stock on the day immediately preceding the date of grant of registration.
3. We have examined the books of accounts and other relevant documents / records of the Applicant and on the basis of such examination & the information and explanation furnished to us, we hereby certify that, subject to our remarks / comments in para 5 infra, the Applicant is eligible to avail Input Tax Credit of Rs………. on inputs held in stock and inputs contained in semi-finished
or finished goods held in stock on the day immediately preceding the date of grant of registration.
4. The relevant details of inputs held in stock and inputs contained in semi-finished or finished
goods held in stock as at __________ (that is the day immediately preceding the date of grant of
registration) and the corresponding input tax credit is provided as Appendix A.
5. Remarks / comments (Refer Para 3 supra):
a. The inputs held in stock (based on FIFO method) on the day immediately preceding the date
of grant of registration i.e. _______________ has been physically verified by us on
____________ along with the corresponding tax invoices and books of accounts and other
relevant records and documents maintained by the Applicant.
b. The inputs contained in semi-finished or finished goods held in stock (based on FIFO
method) is based on the management certificate furnished to us and verified by us along with
the corresponding tax invoices and books of accounts and other relevant records and
documents maintained by the Applicant .
6. This certificate has been issued in terms of Section 18(1) (b) of the SGST / CGST Acts, 2017
read with Rule 40 (1)(d) of the CGST / SGST Rules, 2017.
For _______________,
Chartered Accountants
Place: _____________
Date: ______________
_______________
Partner
Firm Registration Number: _______
Membership Number: ______
Check points for the Chartered Accountant –
i. Verify registration particulars with the Registration Certificate.
ii. Check whether declaration in Form GST ITC-01 is filed by the assessee on GST portal for
entitlement to claim such credits within 30 days of being entitled to do so.
iii. Check the books and records and other relevant documents and registers relating to inputs lying
in stock and inputs contained in semi-finished or finished goods on the date preceding the date of
grant of registration for verifying quantity of goods held / lying in stock. Eligibility of such
credits also needs to be checked under Section 16 and Section 17 of the CGST / SGST Acts,
2017
iv. Check computation of input tax credit from tax invoices / bills of entry or other relevant
documents.
v. The bills of entry / tax invoices should not be older than 1 year on the day on which registration is
granted to the Applicant (Section 18(2) of the CGST / SGST Acts, 2017). The tax invoice must
be the one containing the prescribed particulars (Section 16(2) of the CGST / SGST Acts, 2017 to
be read with Rule 46 of the CGST / SGST Rules, 2017).
vi. The books of account and relevant documents / records of the Appellant should be thoroughly
verified to understand if it is actually entitled to benefit of credit under Section 18(1)(b) of the
CGST / SGST Act, 2017 and was not liable to obtain registration under Section 22 or Section 24
of the CGST / SGST Act, 2017
vii. Ensure that the debit notes / credit notes, if any, are recorded / accounted against the vendor
invoice which are forming part of the closing inventory.
viii. This certificate is required to be issued only if the aggregate value of the claim on account of
SGST / CGST / UTGST and IGST exceeds rupees two lakhs (Rule 40 (1)(d) of the CGST / SGST
Rules, 2017)
ix. This certificate is to be suitably modified wherever applicable. The names of the registered
persons, dates, addresses etc. are only illustrative and needs to be modified in each case. Any
resemblance to any person / place is purely unintentional
x. This certificate is to be issued in respect of a person who seeks voluntary registration u/s 25(3) of
the CGST / SGST Acts, 2017.
xi. Ensure that the certificate issued is in accordance with the Guidance note on Reports and
Certificates for special purpose issued by the ICAI
xii. Ensure that a letter of representation is taken from the management for the details and
information provided by them
Appendix A – under the State Goods and Services Tax Act, 2017 (in short “SGST Act”) and the Central Goods and Services Tax Act, 2017 (in short “CGST Act”) in terms of section 18(1)(b) of the said Acts
Summary of input tax credit eligible as claim under Section 18(1) (b) of the CGST Act, 2017
As per our Certificate of even date
For _______________.
Chartered Accountants
Partner
Firm Registration No.:
Membership No.:
Place:
Date:
This is as per ICAI indirect tax Committee draft ‘ Certificates under GST Law (SGST/ CGST Acts)‘, with a list of checkpoints to be reviewed by Chartered Accountants before issuing the respective certificates, as listed here-under:CA Certificates under GST Law : ICAI issued Draft Formats