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CMA Final · Indirect Tax Laws and Practice · GST Annual Return and GST Audit Return

Sundaram Auto Components Ltd, a regular taxpayer with an aggregate turnover of Rs 12 crore in a financial year, has no connection with government audit exemptions. Which statement about its compliance under Rule 80, read with section 44, is correct?

Sundaram must file GSTR-9C, a self-certified reconciliation statement, with its GSTR-9 by 31 December following the year. Turnover of Rs 12 crore exceeds Rs 5 crore, and the current rule uses self-certification rather than certification by an accountant. GSTR-9A is only for composition persons under section 10.

  1. AIt files GSTR-9 only; the reconciliation statement is optional because the turnover is below Rs 20 crore
  2. BIt files GSTR-9C, a self-certified reconciliation statement, along with GSTR-9 by 31 December following the financial yearCorrect
  3. CIt files a GSTR-9C duly certified by a chartered accountant or cost accountant as audited accounts
  4. DIt files GSTR-9A and GSTR-9C, since turnover exceeds Rs 5 crore

Explanation

Rule 80(3) as given requires GSTR-9C, a self-certified reconciliation statement, along with the annual return for turnover above Rs 5 crore, due by 31 December after the year. Turnover of Rs 12 crore exceeds this limit. The third option reflects the earlier rule requiring certification by an auditor, which has been replaced by self-certification. GSTR-9A is for section 10 persons only.

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