EXTRAORDINARY

PUBLISHED BY AUTHORITY

No. 1746, CUTTACK, TUESDAY, SEPTEMBER 18, 2018/BHADRA 27, 1940

FINANCE DEPARTMENT

NOTIFICATION

The 18th September, 2018

S.R.O. No.393/2018— In exercise of the powers conferred by Section 164 of the Odisha

Goods and Services Tax Act, 2017 (Odisha Act 7 of 2017), the State Government, on the

recommendations of the Goods and Services Tax Council, do hereby make the following rules

further to amend the Odisha Goods and Services Tax Rules, 2017, namely:—

1. (1) These rules may be called the Odisha Goods and Services Tax (Tenth Amendment)

Rules, 2018.

(2) They shall come into force on the date of their publication in the Odisha Gazette.

2. In the Odisha Goods and Services Tax Rules, 2017, after FORM GSTR-9A, the

following Form shall be inserted, namely:—

“FORM GSTR-9C

[See rule 80(2)]

PART – A - Reconciliation Statement

Pt. I

Basic Details

Financial

Year

GSTIN

Legal Name

< Auto>

Trade Name

(if any)

<Auto>

Are you liable to audit under any Act?

<<Please specify>>

(Amount in ₹ in all tables)

Pt.

Reconciliation of turnover declared in audited Annual Financial Statement with

turnover declared in Annual Return (GSTR9)

Reconciliation of Gross Turnover

Turnover (including exports) as per audited financial statements

for the State / UT (For multi-GSTIN units under same PAN the

turnover shall be derived from the audited Annual Financial

Statement)

Unbilled revenue at the beginning of Financial Year

(+)

Unadjusted advances at the end of the Financial Year

(+)

Deemed Supply under Schedule I

(+)

Credit Notes issued after the end of the financial year but

reflected in the annual return

(+)

Trade Discounts accounted for in the audited Annual

Financial Statement but are not permissible under GST

(+)

Turnover from April 2017 to June 2017

(-)

Unbilled revenue at the end of Financial Year

(-)

Unadjusted Advances at the beginning of the Financial

Year

(-)

Credit notes accounted for in the audited Annual

Financial Statement but are not permissible under GST

(-)

Adjustments on account of supply of goods by SEZ Units

to DTA Units

(-)

Turnover for the period under composition scheme

(-)

Adjustments in turnover under section 15 and rules

thereunder

(+/-)

Adjustments in turnover due to foreign exchange

fluctuations

(+/-)

Adjustments in turnover due to reasons not listed above

(+/-)

Annual turnover after adjustments as above

<Auto>

Turnover as declared in Annual Return (GSTR9)

Un-Reconciled turnover (Q - P)

AT1

Reasons for Un - Reconciled difference in Annual Gross Turnover

Reason 1

<<Text>>

Reason 2

<<Text>>

Reason 3

<<Text>>

Reconciliation of Taxable Turnover

Annual turnover after adjustments (from 5P above)

<Auto>

Value of Exempted, Nil Rated, Non-GST supplies, No-Supply

turnover

Zero rated supplies without payment of tax

Supplies on which tax is to be paid by the recipient on reverse

charge basis

Taxable turnover as per adjustments above (A-B-C-D)

<Auto>

Taxable turnover as per liability declared in Annual Return

(GSTR9)

Un-Reconciled taxable turnover (F-E)

AT 2

Reasons for Un - Reconciled difference in taxable turnover

Reason 1

<<Text>>

Reason 2

<<Text>>

Reason 3

<<Text>>

Pt.

III

Reconciliation of tax paid

Reconciliation of rate wise liability and amount payable thereon

Tax payable

Description

Taxable Value

Central

tax

State tax

/ UT tax

Integrated Tax

Cess, if

applicable

5% (RC)

12%

12% (RC)

18%

18% (RC)

28%

28% (RC)

0.25%

0.10%

Interest

Late Fee

Penalty

Others

Total amount to be paid as per

tables above

<Auto>

Total amount paid as declared in

Annual Return (GSTR 9)

Un-Reconciled payment of amount

PT 1

Reasons for un-reconciled payment of amount

Reason 1

<<Text>>

Reason 2

<<Text>>

Reason 3

<<Text>>

Additional amount payable but not paid (due to reasons specified under Tables 6,8

and 10 above)

To be paid through Cash

Description

Taxable Value

Central

tax

State tax

/ UT tax

Integrated tax

Cess, if

applicable

12%

18%

28%

0.25%

0.10%

Interest

Late Fee

Penalty

Others

(please

specify)

Pt.

Reconciliation of Input Tax Credit (ITC)

Reconciliation of Net Input Tax Credit (ITC)

ITC availed as per audited Annual Financial Statement for the

State/ UT (For multi-GSTIN units under same PAN this should

be derived from books of accounts)

ITC booked in earlier Financial Years claimed in current

Financial Year

(+)

ITC booked in current Financial Year to be claimed in

subsequent Financial Years

(-)

ITC availed as per audited financial statements or books of

account

<Auto>

ITC claimed in Annual Return (GSTR9)

Un-Reconciled ITC

ITC 1

Reasons for un-reconciled difference in ITC

Reason 1

<<Text>>

Reason 2

<<Text>>

Reason 3

<<Text>>

Reconciliation of ITC declared in Annual Return (GSTR9) with ITC availed on

expenses as per audited Annual Financial Statement or books of account

Description

Value

Amount of

Total ITC

Amount of eligible

ITC availed

Purchases

Freight / Carriage

Power and Fuel

Imported goods

(Including received

from SEZs)

Rent and Insurance

Goods lost, stolen,

destroyed, written off or

disposed of by way of

gift or free samples

Royalties

Employees' Cost

(Salaries, wages, Bonus

etc.)

Conveyance charges

Bank Charges

Entertainment charges

Stationery Expenses

(including postage etc.)

Repair and Maintenance

Other Miscellaneous

expenses

Capital goods

Any other expense 1

Any other expense 2

Total amount of eligible ITC availed

<<Auto>>

ITC claimed in Annual Return (GSTR9)

Un-Reconciled ITC

ITC 2

Reasons for un - reconciled difference in ITC

Reason 1

<<Text>>

Reason 2

<<Text>>

Reason 3

<<Text>>

Tax payable on un-reconciled difference in ITC (due to reasons specified in 13 and

15 above)

Description

Amount Payable

Central Tax

State/UT Tax

IntegratedTax

Cess

Interest

Penalty

Pt.

Auditor's recommendation on additional Liability due to non-reconciliation

To be paid through Cash

Description

Value

Central

tax

State tax

/ UT tax

Integrated tax

Cess, if

applicable

12%

18%

28%

0.25%

0.10%

Input Tax

Credit

Interest

Late Fee

Penalty

Any other

amount paid

for supplies

not included

in Annual

Return

(GSTR 9)

Erroneous

refund to be

paid back

Instructions: –

1. Terms used:

GSTIN: Goods and Services Tax Identification Number

2. The details for the period between July 2017 to March 2018 are to be provided in this statement

for the financial year, 2017-18. The reconciliation statement is to be filed for every GSTIN

separately.

3. The reference to current financial year in this statement is the financial year for which the

reconciliation statement is being filed for.

4. Part II consists of reconciliation of the annual turnover declared in the audited Annual Financial

Statement with the turnover as declared in the Annual Return furnished in FORM GSTR-9 for

this GSTIN. The instructions to fill this part are as follows :—

Table No. Instructions

The turnover as per the audited Annual Financial Statement shall be declared

here. There may be cases where multiple GSTINs (State-wise) registrations

exist on the same PAN. This is common for persons / entities with presence

over multiple States. Such persons / entities, will have to internally derive

their GSTIN-wise turnover and declare the same here. This shall include

export turnover (if any). It may be noted that reference to audited Annual

Financial Statement includes reference to books of accounts in case of persons

/ entities having presence over multiple States.

Unbilled revenue which was recorded in the books of accounts on the basis of

accrual system of accounting in the last financial year and was carried forward

to the current financial year shall be declared here. In other words, when GST

is payable during the financial year on such revenue (which was recognized

earlier), the value of such revenue shall be declared here.

(For example, if rupees Ten Crores of unbilled revenue existed for the

financial year, 2016-17, and during the current financial year, GST was paid

on rupees Four Crores of such revenue, then value of rupees Four Crores

rupees shall be declared here)

Value of all advances for which GST has been paid but the same has not been

recognized as revenue in the audited Annual Financial Statement shall be

declared here.

Aggregate value of deemed supplies under Schedule I of the OGST Act, 2017

shall be declared here. Any deemed supply which is already part of the

turnover in the audited Annual Financial Statement is not required to be

included here.

Aggregate value of credit notes which were issued after 31st of March for any

supply accounted in the current financial year but such credit notes were

reflected in the annual return (GSTR-9)shall be declared here.

Trade discounts which are accounted for in the audited Annual Financial

Statement but on which GST was leviable(being not permissible) shall be

declared here.

Turnover included in the audited Annual Financial Statement for April 2017 to

June 2017 shall be declared here.

Unbilled revenue which was recorded in the books of accounts on the basis of

accrual system of accounting during the current financial year but GST was

not payable on such revenue in the same financial year shall be declared here.

Value of all advances for which GST has not been paid but the same has been

recognized as revenue in the audited Annual Financial Statement shall be

declared here.

Aggregate value of credit notes which have been accounted for in the audited

Annual Financial Statement but were not admissible under section 34 of the

OGST Act shall be declared here.

Aggregate value of all goods supplied by SEZs to DTA units for which the

DTA units have filed bill of entry shall be declared here.

There may be cases where registered persons might have opted out of the

composition scheme during the current financial year. Their turnover as per

the audited Annual Financial Statement would include turnover both as

composition taxpayer as well as normal taxpayer. Therefore, the turnover for

which GST was paid under the composition scheme shall be declared here.

There may be cases where the taxable value and the invoice value differ due to

valuation principles under section 15 of the OGST Act, 2017 and rules

thereunder. Therefore, any difference between the turnover reported in the

Annual Return (GSTR 9) and turnover reported in the audited Annual

Financial Statement due to difference in valuation of supplies shall be declared

here.

Any difference between the turnover reported in the Annual Return (GSTR9)

and turnover reported in the audited Annual Financial Statement due to

foreign exchange fluctuations shall be declared here.

Any difference between the turnover reported in the Annual Return (GSTR9)

and turnover reported in the audited Annual Financial Statement due to

reasons not listed above shall be declared here.

Annual turnover as declared in the Annual Return (GSTR 9) shall be declared

here. This turnover may be derived from Sr. No. 5N, 10 and 11 of Annual

Return (GSTR 9).

Reasons for non-reconciliation between the annual turnover declared in the

audited Annual Financial Statement and turnover as declared in the Annual

Return (GSTR 9) shall be specified here.

The table provides for reconciliation of taxable turnover from the audited

annual turnover after adjustments with the taxable turnover declared in annual

return (GSTR-9).

Annual turnover as derived in Table 5P above would be auto-populated here.

Value of exempted, nil rated, non-GST and no-supply turnover shall be

declared here. This shall be reported net of credit notes, debit notes and

amendments if any.

Value of zero rated supplies (including supplies to SEZs) on which tax is not

paid shall be declared here. This shall be reported net of credit notes, debit

notes and amendments if any.

Value of reverse charge supplies on which tax is to be paid by the recipient

shall be declared here. This shall be reported net of credit notes, debit notes

and amendments if any.

The taxable turnover is derived as the difference between the annual turnover

after adjustments declared in Table 7A above and the sum of all supplies

(exempted, non-GST, reverse charge etc.) declared in Table 7B, 7C and 7D

above.

Taxable turnover as declared in Table 4N of the Annual Return (GSTR9) shall

be declared here.

Reasons for non-reconciliation between adjusted annual taxable turnover as

derived from Table 7E above and the taxable turnover declared in Table 7F

shall be specified here.

5. Part III consists of reconciliation of the tax payable as per declaration in the reconciliation

statement and the actual tax paid as declared in Annual Return (GSTR9). The instructions to fill

this part are as follows :—

Table No. Instructions

The Table provides for reconciliation of tax paid as per reconciliation

statement and amount of tax paid as declared in Annual Return (GSTR 9).

Under the head labelled “RC”, supplies where tax was paid on reverse charge

basis by the recipient (i.e. the person for whom reconciliation statement has

been prepared) shall be declared.

The total amount to be paid as per liability declared in Table 9A to 9O is auto

populated here.

The amount payable as declared in Table 9 of the Annual Return (GSTR9)

shall be declared here. It should also contain any differential tax paid on Table

10 or 11 of the Annual Return (GSTR9).

Reasons for non-reconciliation between payable / liability declared in Table

9P above and the amount payable in Table 9Q shall be specified here.

Any amount which is payable due to reasons specified under Table 6, 8 and 10

above shall be declared here.

6. Part IV consists of reconciliation of Input Tax Credit (ITC). The instructions to fill Part IV are

as under:-

Table No. Instructions

12A

ITC availed (after reversals) as per the audited Annual Financial Statement

shall be declared here. There may be cases where multiple GSTINs (State-

wise) registrations exist on the same PAN. This is common for persons /

entities with presence over multiple States. Such persons / entities, will have

to internally derive their ITC for each individual GSTIN and declare the same

here. It may be noted that reference to audited Annual Financial Statement

includes reference to books of accounts in case of persons / entities having

presence over multiple States.

12B

Any ITC which was booked in the audited Annual Financial Statement of

earlier financial year(s)but availed in the ITC ledger in the financial year for

which the reconciliation statement is being filed for shall be declared here.

This shall include transitional credit which was booked in earlier years but

availed during Financial Year, 2017-18.

12C

Any ITC which has been booked in the audited Annual Financial Statement of

the current financial year but the same has not been credited to the ITC ledger

for the said financial year shall be declared here.

12D

ITC availed as per audited Annual Financial Statement or books of accounts

as derived from values declared in Table 12A, 12B and 12C above will be

auto-populated here.

12E

Net ITC available for utilization as declared in Table 7J of Annual Return

(GSTR9) shall be declared here.

Reasons for non-reconciliation of ITC as per audited Annual Financial

Statement or books of account (Table 12D) and the net ITC (Table12E)

availed in the Annual Return (GSTR9) shall be specified here.

This Table is for reconciliation of ITC declared in the Annual Return

(GSTR9) against the expenses booked in the audited Annual Financial

Statement or books of account. The various sub-heads specified under this

table are general expenses in the audited Annual Financial Statement or books

of account on which ITC may or may not be available. Further, this is only an

indicative list of heads under which expenses are generally booked. Taxpayers

may add or delete any of these heads but all heads of expenses on which GST

has been paid / was payable are to be declared here.

14R

Total ITC declared in Table 14A to 14Q above shall be auto populated here.

14S

Net ITC availed as declared in the Annual Return (GSTR9) shall be declared

here. Table 7J of the Annual Return (GSTR9) may be used for filing this

Table.

Reasons for non-reconciliation between ITC availed on the various expenses

declared in Table 14R and ITC declared in Table 14S shall be specified here.

Any amount which is payable due to reasons specified in Table 13 and 15

above shall be declared here.

7. Part V consists of the auditor’s recommendation on the additional liability to be discharged by

the taxpayer due to non-reconciliation of turnover or non-reconciliation of input tax credit. The

auditor shall also recommend if there is any other amount to be paid for supplies not included

in the Annual Return. Any refund which has been erroneously taken and shall be paid back to

the Government shall also be declared in this table. Lastly, any other outstanding demands

which is recommended to be settled by the auditor shall be declared in this Table.

8. Towards, the end of the reconciliation statement taxpayers shall be given an option to pay their

taxes as recommended by the auditor.

PART – B- CERTIFICATION

Certification in cases where the reconciliation statement (FORM GSTR-9C) is

drawn up by the person who had conducted the audit:

* I/we have examined the—

(a) balance sheet as on ………

(b) the *profit and loss account/income and expenditure account for the period beginning from

………..…to ending on ……., and

herewith,

M/s.

……………

(Name),

…………………….…………

(Address),

..…………………(GSTIN).

2. Based on our audit I/we report that the said registered person—

*has maintained the books of accounts, records and documents as required by the

IGST/OGST/<<>>GST Act, 2017 and the rules/notifications made/issued thereunder

*has

not

maintained

the

following

accounts/records/documents

required by

the

IGST/OGST/<<>>GST Act, 2017 and the rules/notifications made/issued thereunder:

3. (a) *I/we report the following observations/ comments / discrepancies / inconsistencies; if any:

…………………………………….

3. (b) *I/we further report that, -

(A) *I/we have obtained all the information and explanations which, to the best of *my/our

knowledge and belief, were necessary for the purpose of the audit/ information and explanations

which, to the best of *my/our knowledge and belief, were necessary for the purpose of the audit

were not provided/partially provided to us.

(B) In *my/our opinion, proper books of account *have/have not been kept by the registered person

so far as appears from*my/ our examination of the books.

cash flow Statement are *in agreement/not in agreement with the books of account maintained at

the Principal place of business at ……………………and ** ……………………additional place of

business within the State.

4. The documents required to be furnished under section 35 (5) of the OGST Act and

Reconciliation Statement required to be furnished under section 44(2) of the OGST Act is annexed

herewith in Form No. GSTR-9C.

5. In *my/our opinion and to the best of *my/our information and according to explanations given

to *me/us, the particulars given in the said Form No.GSTR-9C are true and correct subject to

following observations/qualifications, if any:

(a) ……………………………………………………………………………………

(b) ……………………………………………………………………………………

………………………………………

**(Signature and stamp/Seal of the Auditor)

Place: ……………

Name of the signatory …………………

Membership No………………

Date: ……………

Full address ………………………

II. Certification in cases where the reconciliation statement (FORM GSTR-9C) is drawn up

by a person other than the person who had conducted the audit of the accounts:

*I/we report that the audit of the books of accounts and the financial statements of M/s.

………...........…………………. (Name and address of the assessee with GSTIN) was conducted

by M/s. …………………………………………..………. (full name and address of auditor along

with status), bearing membership number in pursuance of the provisions of the

…………………………….Act, and *I/we annex hereto a copy of their audit report dated

……………………………. along with a copy of each of:-

(a) balance sheet as on ………

(b) the *profit and loss account/income and expenditure account for the period beginning from

………..…to ending on …….,

(d) documents declared by the said Act to be part of, or annexed to, the *profit and loss

account/income and expenditure account and balance sheet.

2. I/we report that the said registered person—

*has maintained the books of accounts, records and documents as required by the

IGST/OGST/<<>>GST Act, 2017 and the rules/notifications made/issued thereunder

*has not maintained the following accounts/records/documents as required by the

IGST/OGST/<<>>GST Act, 2017 and the rules/notifications made/issued thereunder:

3. The documents required to be furnished under section 35 (5) of the OGST Act and

Reconciliation Statement required to be furnished under section 44(2) of the OGST Act is annexed

herewith in Form No.GSTR-9C.

4. In *my/our opinion and to the best of *my/our information and according to examination of

books of account including other relevant documents and explanations given to *me/us, the

particulars given in the said Form No.9C are true and correct subject to the following

observations/qualifications, if any:

(a) …………………………….…………………………….………………………

(b) …………………………….…………………………….………………………

………………………………………

**(Signature and stamp/Seal of the Auditor)

Place: ……………

Name of the signatory …………………

Membership No………………

Date: ……………

Full address ………………………”.

[No.29898–FIN-CT1-TAX-0034-2017/FIN.]

By Order of the Governor

SAUMYAJIT ROUT

Under-Secretary to the Government

Printed and published by the Director, Printing, Stationery and Publication, Odisha, Cuttack-10

Ex. Gaz. 1223-173+300