Answer

1. F

   Facts

   Part A of GSTR-9C starts from turnover in your audited or annual accounts and adjusts it to the turnover declared in GSTR-9. Every difference must be explained.

2. P

   Provisions and law

   • Rule 80(3), CGST Rules 2017A taxpayer whose aggregate turnover exceeds ₹5 crore files a self-certified reconciliation statement in GSTR-9C along with GSTR-9.
   • Sec 44(1), CGST Act 2017Every registered person (other than notified classes) files an annual return by 31 December after the year; a self-certified reconciliation statement is filed with it where turnover exceeds the notified limit.
   • Sec 35(1), CGST Act 2017Every registered person must keep true and correct accounts at the principal place of business, including production, stock, supplies, ITC and tax paid.
3. A

   Analysis

   Typical adjustments are unbilled revenue at the start and end of the year, advances received, credit notes issued after year end, deemed supplies like stock transfers, and trade discounts. For example, accounts show ₹8.20 crore, GSTR-9 shows ₹8.05 crore; the ₹15 lakh may be unbilled revenue at year end. Unexplained gaps attract scrutiny and may mean unpaid tax.

4. C

   Conclusion

   1. 1Take turnover from the final financial statements.
   2. 2List each adjustment with its amount and reason.
   3. 3Arrive at the GSTR-9 turnover figure.
   4. 4Investigate any unexplained gap and pay tax if due.

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