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Query regarding GST Annual Return

Shubham (Student) (48 Points)

12 June 2020

If there are 2 registrations under a same PAN, are we supposed to file separate GSTR 9/9C for each of them? If yes, how are we supposed to match the data with the audited financial statements?

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Hemal Makwana (Designation) (771 Points)
Replied 12 June 2020

SeparateTrial balance needs to be prepared - State wise or GSTIN wise. How would auditor prepare the financial statement, there woud be some identification as to which entiries are booked in which location. Location wise trial balance may be possible

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Shubham (Student) (48 Points)
Replied 12 June 2020

That is fine. But let us assume that while filing ITR, they combined the data of both the locations/branches to make a single balancesheet. So now while filing GST annual return, we will have to upload the audited financial statements (which is combined in this case) and also match the figures in the annual return with those in financial statements. So in this case how are we supposed to match it as the financial statements contain data of mutiple branches, whereas GSTR 9/9C would be of a particular branch. Please correct me if I am wrong.

Hemal Makwana (Designation) (771 Points)
Replied 12 June 2020

You can continue uploading financial statements while filing GST audit. prudent is to maintain the revenue reconciliation and Input tax credit reconciliation gstinwise and when this reconciliation are combined it should tally with the revenue as well as ITC as recorded in financial statements. Department may ask for statewide details when they initiate audit however for uploading purpose, continue uploading financial statements.

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