1395

OFFICIAL GAZETTE — GOVT. OF GOA

SERIES I No. 28

( EXTRAORDINARY )

13TH OCTOBER, 2006

1395

EXTRAORDINARY

No. 2

GOVERNMENT OF GOA

Department of Finance

Revenue & Control Division

___

Notification

No. 38/1/2017-Fin(R&C)(71)

In exercise of the powers conferred by section 164 of the Goa Goods and Services Tax Act,

2017 (Goa Act of 2017), the Government of Goa hereby makes the following rules further to

amend the Goa Goods and Services Tax Rules, 2017, namely:—

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

Rules, 2018.

(2) They shall come into force with effect from the 13th day of September, 2018.

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

following shall be inserted, namely:—

“FORM GSTR-9C

See rule 80(3)

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)

SERIES I No. 25

Panaji, 21st September, 2018 (Bhadra 30, 1940)

Reg. No. G-2/RNP/GOA/32/2018-20

Suggestions are welcome on e-mail: [email protected]

OFFICIAL GAZETTE — GOVT. OF GOA

SERIES I No. 25

(EXTRAORDINARY No. 2)

21ST SEPTEMBER, 2018

1396

Pt. II

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 (GSTR 9)

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)

Unreconciled taxable turnover (F-E)

AT 2

OFFICIAL GAZETTE — GOVT. OF GOA

SERIES I No. 25

(EXTRAORDINARY No. 2)

21ST SEPTEMBER, 2018

1397

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%

OFFICIAL GAZETTE — GOVT. OF GOA

SERIES I No. 25

(EXTRAORDINARY No. 2)

21ST SEPTEMBER, 2018

1398

Interest

Late Fee

Penalty

Others

(please

specify)

Pt. IV

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 (GSTR 9)

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

OFFICIAL GAZETTE — GOVT. OF GOA

SERIES I No. 25

(EXTRAORDINARY No. 2)

21ST SEPTEMBER, 2018

1399

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 (GSTR 9)

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

Integrated

Tax

Cess

Interest

Penalty

Pt. V

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

Outstanding demands to

be settled

Other (Pl. specify)

OFFICIAL GAZETTE — GOVT. OF GOA

SERIES I No. 25

(EXTRAORDINARY No. 2)

21ST SEPTEMBER, 2018

1400

Verification:

I hereby solemnly affirm and declare that the information given herein above is true and correct to the

best of my knowledge and belief and nothing has been concealed there from.

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

Place: ……………

Name of the signatory …………………

Membership No………………

Date: ……………

Full address ………………………

Instructions: –

1. Terms used:

(a) 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 CGST 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.

OFFICIAL GAZETTE — GOVT. OF GOA

SERIES I No. 25

(EXTRAORDINARY No. 2)

21ST SEPTEMBER, 2018

1401

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 Statementshall 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 CGST 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 CGST 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 (GSTR 9) 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 (GSTR 9) 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 (GSTR 9) shall be

declared here.

Reas ons 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.

OFFICIAL GAZETTE — GOVT. OF GOA

SERIES I No. 25

(EXTRAORDINARY No. 2)

21ST SEPTEMBER, 2018

1402

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 (GSTR 9). 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 (GSTR 9) shall be

declared here. It should also contain any differential tax paid on Table 10 or 11 of the

Annual Return (GSTR 9).

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 (GSTR 9) 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

(GSTR 9) shall be specified here.

This table is for reconciliation of ITC declared in the Annual Return (GSTR 9) 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.

OFFICIAL GAZETTE — GOVT. OF GOA

SERIES I No. 25

(EXTRAORDINARY No. 2)

21ST SEPTEMBER, 2018

1403

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 (GSTR 9) shall be declared here. Table

7J of the Annual Return (GSTR 9) 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

I. 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, of 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/

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

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

/CGST/<<>>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.

OFFICIAL GAZETTE — GOVT. OF GOA

SERIES I No. 25

(EXTRAORDINARY No. 2)

21ST SEPTEMBER, 2018

1404

the 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 CGST Act and Reconciliation

Statement required to be furnished under section 44(2) of the CGST 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/

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

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

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

OFFICIAL GAZETTE — GOVT. OF GOA

SERIES I No. 25

(EXTRAORDINARY No. 2)

21ST SEPTEMBER, 2018

1405

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

Statement required to be furnished under section 44(2) of the CGST 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 ………………………”.

By order and in the name of the Governor of Goa.

Sushama D. Kamat, Under Secretary, Finance (R&C).

Porvorim, 21st September, 2018.

________

Notification

38/1/2017-Fin(R&C)(72)

In exercise of the powers conferred by sub-section (3) of section 1 of the Goa Goods and

Services Tax Act, 2017 (Goa Act 4 of 2017) and in supersession of the Government

notification No. 38/1/2017-Fin(R&C)(16)/2407 dated the 21st September, 2017, published in the

Extraordinary Official Gazette, Series I No. 25 dated 21st September, 2017, except as respects

things done or omitted to be done before such supersession, the Government of Goa hereby

appoints the 1st day of October, 2018, as the date on which the provisions of section 51 of the

said Act shall come into force with respect to persons specified under clauses (a), (b) and (c) of

sub-section (1) of section 51 of the said Act and the persons specified below under clause (d) of

sub-section (1) of section 51 of the said Act, namely:—

(a) an authority or a board or any other body,—

(i) set up by an Act of Parliament or a State Legislature; or

(ii) established by any Government,

with fifty-one per cent. or more participation by way of equity or control, to carry out any

function;

(b) Society established by the Central Government or the State Government or a Local

Authority under the Societies Registration Act, 1860 (21 of 1860);

By order and in the name of the Governor of Goa.

Sushama D. Kamat, Under Secretary, Finance (R&C).

Porvorim, 21st September, 2018.

OFFICIAL GAZETTE — GOVT. OF GOA

SERIES I No. 25

(EXTRAORDINARY No. 2)

21ST SEPTEMBER, 2018

1406

Notification

38/1/2017-Fin(R&C)(73)

In exercise of the powers conferred by sub-section (3) of section 1 of the Goa Goods and

Services Tax Act, 2017 (Goa Act 4 of 2017) (hereinafter referred to as the said Act), the

Government of Goa hereby appoints the 1st day of October, 2018, as the date on which the

provisions of section 52 of the said Act shall come into force.

By order and in the name of the Governor of Goa.

Sushama D. Kamat, Under Secretary Finance (R&C).

Porvorim, 21st September, 2018.

_________

Notification

38/1/2017-Fin(R&C)(23/2018-Rate)

In exercise of the powers conferred by sub-section (3) of section 11 of the Goa Goods and

Services Tax Act, 2017 (Goa Act 4 of 2017), the Government of Goa, on the recommendations of

the Council, and on being satisfied that it is necessary so to do for the purpose of clarifying the

scope and applicability of the Government Notification No. 38/1/2017-Fin(R&C)(12/2017-Rate)

dated 30th June 2017, published in the Extraordinary Official Gazette No. 3, Series I No. 13,

dated the 30th June, 2017, hereby inserts the following Explanation in the said notification, in

the Table, against serial number 41, in column (3), namely:—

“Explanation.— For the purpose of this exemption, the Central Government, State

Government or Union territory shall have 50 per cent. or more ownership in the entity directly

or through an entity which is wholly owned by the Central Government, State Government or

Union territory.”.

By order and in the name of the Governor of Goa.

Sushama D. Kamat, Under Secretary, Finance (R&C).

Porvorim, 21st September, 2018.

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