A supplier must register in each of such state or union territory from where he effects supply if the taxable value of supply exceeds the threshold limit. In GST registration, the supplier is allotted a 15-digit GST Identification Number called “GSTIN”, and a certificate of registration incorporating therein this GSTIN is made available to the applicant on the GSTN common portal.

A registered person irrespective of their nature i.e. proprietary concerns/partnership firms/ LLP/ AOP/ HUF/ companies etc. has to follow various statutory compliances monthly/ quarterly/ annually, as the case may be. Non-filling of the returns on the prescribed dates will attract interest, late fees, and penalty as applicable. We also provide advisory for matters related to classification of an item as good/service, determination of HSN, place of supply, appropriate tax rate and any specific issue based on the requirement.


A practicing Chartered Accountant is required to certify various forms related to reconciliation under GST audit, declaration in refund application, declaration for availing input tax credit when such declared amount exceeds the prescribed amount under law.

Annual return

An annual return must be filed once in a year by the registered taxpayers under GST on the due date as prescribed under law. It consists of details regarding the supplies made and received during the year under different tax heads i.e. CGST, SGST and IGST. It consolidates the information furnished in the monthly or quarterly returns during the year. The types of annual returns are summarized hereunder.

Form To be filed by
GSTR-9 Regular taxpayers
GSTR-9 A Persons registered under composition scheme
GSTR-9 B E-commerce operator

GST Audit

With the rationale of verification of turnover declared, taxes paid, refund claimed, input tax credit availed, and assuring adherence to compliance with the provisions of GST Act or the rules government has mandated the furnishing of an audited statement of accounts and reconciliation statement for registered persons having turnover exceeding 2 crores on or before 31st December following the end of such financial year without relaxation to voluntarily registered persons. The types of GST audit are

  • Annual Audit
  • Audit by tax authorities
  • Issuing acknowledgment of the response submitted by the person;
  • Special Audit

Annual audit under GST comprises of furnishing a statement in Form 9C, duly certified by a CA/CWA. A registered person whose annual turnover exceeds Rs 2 crores during the financial year, need to file a statement of reconciliation between the annual returns in GSTR-9 and the figures mentioned in the audited financial statements in Form-9C. Such person is also required to get their accounts audited and file a copy of audited annual accounts and reconciliation statement of tax already paid and tax payable as per audited accounts along with GSTR 9C. Section 35 (5) read with section 44(2) of CGST/SGST Act and relevant rules thereof provides for the manner of audit of records and class of registered persons who are required to get his accounts audited from Chartered Accountant or Cost Accountant.

R.S.Kafaltiya &Associates is a one stop solution for all your requirements for advisory on specific transaction, compliance and audit under Goods and Services Tax (GST) in India along with pre-GST taxes.

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