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CHEMEXCIL
Basic Chemicals, Cosmetics & Dyes Export Promotion Council
(Set-up by Ministry of Commerce and Industry, Govt of India)

Jhansi Castle, 4th Floor, 7, Cooperage Road, Mumbai - 400 001. India

Tel : +91 22 22021288 Website : www.//chemexcil.in

 

EPC/LIC/CBIC                                                              04/07/2019

 

ALL THE MEMBERS OF THE COUNCIL

Dear Members,

 

We would like to inform you that  Central Board of Indirect Taxes and Customs (CBIC)  has  issued press releases dated 03/07/2019 having  Clarification regarding Annual Returns and Reconciliation Statement for taking necessary action.

 

We understand that  Government has been receiving a number of representations regarding Annual Return (FORM GSTR-9 / FORM GSTR-9A) and Reconciliation Statement (FORM GSTR-9C)

 

In this regard,  press releases have been issued by CBIC  with clarifications on following points:

 

1. 1. 1.  

Payment of any unpaid tax

 

Primary data source for declaration in annual return

 

Premise of Table 8 D of Annual Return

 

Premise of Table 8J of Annual Return

 

Difficulty in reporting of information not reported in regular returns, Information in Table 5D (Exempted)

 

Table 5E (Nil Rated) and Table 5F (Non-GST Supply)

 

Reverse charge in respect of Financial Year 2017-18 paid during Financial Year 2018-19

 

Role of chartered accountant or a cost accountant in certifying reconciliation statement

 

Turnover for eligibility of filing of reconciliation statement

 

Treatment of Credit Notes / Debit Notes issued during FY 2018-19 for FY 2017-18

 

Duplication of information in Table 6B and 6H

 

Reconciliation of input tax credit availed on expenses.

 

Members  are requested to take note of above and for further guidance/ clarification,   may refer  to   the  press releases using below links on CBIC portal-

 

Current Press Release

 

S. No.	Date of Uploading	Description
106	03-07-2019	Clarification regarding Annual Returns and Reconciliation Statement, for taking necessary action.
105	03-07-2019	Second Press release on Annual Return (FORM GSTR-9) and Reconciliation Statement (FORM GSTR-9C).

 

 

For any persistent issues, you may also write to us on email id:  ed@chemexcil.gov.in,   deepak.gupta@chemexcil.gov.in & rodelhi@chemexcil.gov.in .

 

Thanking you,

Yours Faithfully,

 

(S. G. BHARADI)
EXECUTIVE DIRECTOR

CHEMEXCIL