GSTR-9C vs cash flow statement.
LAKSHMI KANTH (TAX CONSULTANT) (449 Points)
03 August 2019
Sir. For GSTR-9C , whether cash flow statement is necessary for other than corporates also.
9 Replies
Shivam RC
(Student)
(23683 Points)
Replied 03 August 2019
For One Person Company, Small Company and Dormant Company; Cash Flow Statement is not included in the Financial Statements as defined u/s 2(40) of the Companies Act 2013.
LAKSHMI KANTH
(TAX CONSULTANT)
(449 Points)
Replied 04 August 2019
thank you so much sir. good clarification through the section.
Abhas Halakhandi
(Associate Consultant)
(41 Points)
Replied 12 August 2019
Hello,
Certification Part B of GSTR 9C specifically mentioned to attach Balance Sheet, Profit and Loss and Cash Flow Statement as well irrespective of nature of entity. Can the same be ignored?
It would mean that without attaching Cash Flow Auditor is saying in certification part that Cash Flow has been attached.
Also would the references of Companies Act 2013 will hold valid in case of Proprietorship and Partnership firms (i.e. on entities to which companies act is not applicable) ?
Attached File : 864251 20190812155111 certification gstrc.pdf downloaded: 204 times
jaigurudev
(business)
(384 Points)
Replied 15 August 2019
dear sir, any one will advice me that cash flow statement is mandatory or optional in gstr-9c as in income tax this is applicable to company
with thanks
Madhavi Pandit
(78 Points)
Replied 17 August 2019
While filling GSTR 9C we cannot leave cash flow row blank. does that mean that we have to prepare cash flow statement for individuals too?
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