Question ID :
40556
Regarding GST Tax liablity
There is problem regarding GST tax bifurcation. Actually, As per books it has been shown as IGST liablity and same has been paid under IGST head but it was supposed to be CGST and SGST liablity. During the GST audit , In annual return it has been corrected and shown under correct head . But problem arises how to show the same in GSTR 9C figures as per audited books of account and how to deal it.
Posted by
Binod Kumar Banka
on
Jan 29, 2020
Filed Under
GST
In Table 9 of GSTR 9C, actual liability is to be shown in respective GST component. In GSTR 9, if the tax payable figures are already corrected, there will be no difference / unreconciled balance on behalf of such cross payment shoen in table 9 of GSTR 9C.
Posted by
Krishna Kumar on
Feb 03, 2020
Answer ID :
80402
agree with krishnakumar. no need for reconciliation.
Posted by
SIVADAS CHETTOOR on
Feb 06, 2020
Answer ID :
80405
GSTR9C is a reconciliation statement of GSTR9 with audited financials. Once you have corrected the mistake in GSTR9, your tax liability will be same as per audited books of accounts and audited financials. Therefore, there is no mismatch between GSTR9C and audited financials and reconciliation is not required.
Posted by
CA PRADEEP C B on
Feb 10, 2020