Issues connected with GST Annual Return GSTR 9 & GST Audit GSTR 9C for FY 2018-19

GST era has so far witnessed numerous technical issues, errors, mismatch in returns and multiple policy updates. It seems that not everything has unfolded as planned. GST in India not only boasts one of the highest tax rates but also consists of the largest number of tax slabs amongst Asian countries and add to this the growing compliance has complicated the issues. One of the compilance being GST Annual Return & GST Audit which includes a reconciliation between audited financial statement and turnover declared in the annual return. There have been multiple amendments, new provisions, changes in returns, formats etc. which have perplexed the Professionals and Industry in ensuring proper compliance.

The Indirect Taxes Committee of the Chamber of Tax Consultants with its endeavor of updating members has organised a study circle meeting on issues connected with GST Annual Return GSTR 9 & GST Audit GSTR 9C for FY 2018-19. Due date to file annual return and audit report is 30th September, 2020.