Taxmann GST Annual Return & Reconciliation By Vivek Laddha Pooja Patwari Shailendra Saxena Edition September 2022

This book covers a comprehensive analysis of GSTR 9, 9A & 9C in the form of the following:

• Case Studies
• Advanced FAQs
• Step-by-step Guides, etc.

It also deals with issues relating to Anti-profiteering & policy mismatch in GST & Accounting Standards.

This book will be helpful for GST Professionals’ engagement in advisory, compliance, and litigation services.

The Present Publication is the 5^th Edition and is updated till 2^nd September 2022. It also incorporates the amendments made in the forms as updated by Notification No. 14/2022-CT (dated 5^th July 2022), Press Releases, and Clarifications.

This book is authored by Vivek Laddha, Dr. Shailendra Saxena & Pooja Patwari with the following noteworthy features:

• [40+ Case Studies] on GSTR 9
• [50+ Advanced FAQs & Practical Issues] for GSTR 9 and 9C
• [Ready Steps for Preparing GSTR 9 & 9C]
• [Walkthrough for Professionals] for GSTR 9 & 9C
• [Check List] for Outward & Inward Supply
• [Item-wise Cross Examination] of Financial Statements
• [Eligibility Issues] in Compilation Engagement for Professionals
• [Maintenance of Accounts & Records]
• [Compliance of Anti-Profiteering Clause]
• [Formats] for the following, in line with SA-4410 issued by the ICAI along with the applicable clauses of the Code of Ethics
• Acceptance Letter & Management Responsibility for Compilation Engagement
• Appointment Letter for Compilation Engagement and Compilation Report
• [Linking AS & Ind AS] with GST Provisions

The contents of the book are as follows:

• List of Governing Provisions
• Legal Consequences of wrong filing/non-filing of GSTR-9 & GSTR-9C
• Annual Return and Reconciliation Statement: Fortune Maker of Registered Person
• Case Study on Outward Supply in GSTR 9
• Case Study on Inward Supply in GSTR 9
• Opportunities for Professionals in compliance with Annual Return, Reconciliation and other areas of Indirect Taxes
• Eligibility issues for professionals
• Summon to Professionals and Duty in GST Laws
• Professional Fee: Annual Return and Reconciliation
• Walkthrough for Professionals to Perform GSTR 9/9A/9C
• Annual Accounts vs Annual Returns vs Reconciliation Statement
• Applicability of Annual Return and GSTR 9C (Year-wise comparison)
• Turnover: A Ticklish Sound in GST Regime
• Journal Entries under GST Environment
• Issues in Accounting w.r.t. GST
• Looking at Financial Statements for GST Annual Return and Reconciliation Statement
• Segments of Annual Return – GSTR 9 (Regular Scheme)
• Your Steps for Preparing GSTR 9
• Advanced FAQs on Annual Return
• Basics of Annual Return with Practical Issues
• Part I of GSTR 9: Basic Details
• Part II of GSTR 9: Details of outward and inward supplies declared during the financial year
• Part III of GSTR 9: Details of ITC for the financial year
• Part IV (Form 9): Details of tax paid as declared in returns filed during the financial year
• Part V: Particulars of the transactions for the financial year declared in returns of the next financial year till the specified period
• Part VI: Other Information
• Segments of Annual Return (Composition Scheme)
• GSTR-9A: Is it really applicable and basics of annual return (Composition) with practical issues
• Part I of GSTR-9A: Basic Details
• Part II of Form 9A: Details of outward and inward supplies declared in returns filed during the financial year
• Part III: Details of tax paid as declared in returns filed during the financial year
• Part IV: Particulars of the transactions for the previous FY declared in returns of April to September of current FY or up to the date of filing of annual return of previous FY, whichever is earlier
• Point V: Other Information
• Segments of Form GSTR-9C
• Your steps for preparing GSTR-9C
• Basics of Reconciliation Statement with practical issues
• Part I of Reconciliation Statement: Basic Details
• Part II of Reconciliation Statement: Reconciliation of turnover declared in audited Annual Financial Statement with turnover declared in Annual Return (GSTR-9)
• Part III: Reconciliation of tax paid
• Part IV: Input Tax Credit (ITC)
• Part V: Additional liability due to non-reconciliation
• Accounts and Records
• Compliance with Anti-Profiteering Clause

About the author

Vivek Laddha

He is a Bachelor of Law, Cost Accountant, Chartered Accountant and Company Secretary, possesses all four pillars of the profession of business solutions. Mr Laddha is presently a Secretary (Gen.) of Federation of Makers and Traders and also Ex-Chairman of GST Cell of NIRC of Institute of Cost Accountants of India, co-opted member of Indirect Tax Committee of CIRC of Institute of Chartered Accountants of India.

Shailendra Saxena