ICAI Suggestions on GSTR 9 and 9C
INTRODUCTION
1. The Institute of Chartered Accountants of India considers it a privilege to submit its suggestions on Reconciliation Statement and Certificate in Form GSTR 9C. We shall be pleased to discuss these suggestions provided in this
communication during a meeting in person, to illustrate the points made by us.
We look forward to contribute in the drafting of simple, transparent and fair GST laws in India.
DETAILED SUGGESTIONS
1. Calculation of Turnover of Rs. 2 Crore for the applicability of GST Audit
In terms of Rule 80(3) of the CGST Rules “every registered person whose aggregate turnover during a financial year exceeds two crore rupees shall get his accounts audited.
Issue: Limit of Turnover of Rs. 2 Crore would be calculated from July onwards for the FY 2017-18 or the Financial year 2017-18 would be considered for the same.
Suggestion: It is suggested to provide suitable clarification in this regard.
2. Turnover of multi GSTN units under same PAN