Challenges on GST Annual report and GST audit – 9 & 9C
Challenges on GST Annual report and GST audit – 9 & 9C K Baskaran, B.Com, STP, VPN, GSTPN GST Practitioner | KSA Tax Advisory Issues and challenges revolving around the GST Audit / Annual return / Reconciliation statement PART – 1 Particulars Issue Solution Turnover declared in GSTR 1 & GSTR 3B No Action taken by any one at the time of annual return Should match it during monthly return filing only State wise reconciliation Separate audit financials not prepared and consolidated. This needs to be done for all companies having branches in different states Reconciliation of Turnover Other income, exempted income, sale of used assets, RCM applicable income, Reimbursement of expenses, discounts allowed, so on. It must be prepared and uploaded during 9C filing Different GST auditors for different state A