We are a premier Corporate Services firm providing comprehensive Business Advisory, Corporate Registration, Statutory Compliance, and Financial Management Consultancy services.
Authoritative GST Annual Return (Form GSTR-9) finalization and table-by-table reconciliation statement (Form GSTR-9C) certification under Section 44 of the CGST Act, 2017. Financial statement true-up, ITC reconciliation, and Section 65 Departmental Audit defense.
Annual GST compliance represents the statutory true-up between your audited commercial accounts and periodic tax filings. Under Section 44 of the Central Goods and Services Tax (CGST) Act, 2017 read with Rule 80, every regular taxpayer with annual aggregate turnover exceeding ₹2 Crores must file Form GSTR-9, while entities exceeding ₹5 Crores must submit the self-certified Form GSTR-9C reconciliation statement. Our practice executes exhaustive multi-table reconciliations between audited balance sheets, trial balances, and portal tax filings, rectifying prior-year discrepancies and preparing clients for Departmental Audits under Section 65.
Multi-jurisdictional Goods and Services Tax advisory, supply chain tax structuring, monthly GSTR-1 and GSTR-3B filings, automated Rule 88C/88D discrepancy resolution, Section 54 inverted duty structure & export refund recovery, and departmental show-cause notice litigation before adjudicating and appellate authorities.
Verified regulatory gateways and compliance databases for business transparency
Statutory national repository for GST registration, return filing, input tax credit matching, and DRC-01B/C compliance.
Official authority for GST notifications, circulars, HSN classification, and statutory tariff rate updates.
National electronic logistics system for real-time B2B e-invoice generation (IRN) and inter-state movement passes.
We audit all outward supplies, zero-rated exports, deemed supplies, reverse charge transactions, and credit/debit notes reported across the 12 monthly GSTR-1 and GSTR-3B filings. We structure Table 4 and Table 5 outward disclosures, resolve tax rate discrepancies, and identify any un-discharged liability for voluntary settlement via Form DRC-03 with concessional interest.
We reconcile gross turnover reported in audited Profit & Loss statements with GST portal turnover across Table 5 (Turnover Reconciliation), Table 7 (Taxable Turnover), Table 9 (Tax Rate-Wise Reconciliation), and Table 12/14 (Input Tax Credit true-up with financial expense heads). This eliminates audit red-flags and insulates management against arbitrary departmental additions.
When tax authorities initiate a Departmental Audit under Section 65 or direct a Special Audit under Section 66, we represent the company. We prepare structured audit files, explain reconciliation variances, defend classification positions, and respond to audit memos to avert formal Show Cause Notices under Section 73 or Section 74.
A disciplined 4-stage pipeline ensuring zero-defect digital filing
Deploying algorithmic reconciliations between ERP purchase registers, auto-drafted GSTR-2B, and supplier GSTR-1 uploads.
Validating B2B tax invoices, credit notes, export shipping bills, and HSN 6-digit summaries prior to the 11th monthly deadline.
Executing optimal tax cash/credit ledger utilization, calculating interest under Section 50 if applicable, and submitting GSTR-3B.
Drafting point-by-point DRC-01B/C rebuttals and finalising annual reconciliation statements in GSTR-9 and Form GSTR-9C.
Official statutory thresholds, documentation requirements, and non-compliance consequences
| GST Statutory Pillar | Governing Rule / Section | Compliance Standard | Filing Cadence | Default Consequence |
|---|---|---|---|---|
| Monthly Outward Returns | CGST Act Sec 37 & Rule 59 | Form GSTR-1 (B2B, B2C, Exports, HSN) | 11th of every month | Late fee ₹50/day (₹20 if nil) + customer ITC block |
| Monthly Summary Return | CGST Act Sec 39 & Rule 61 | Form GSTR-3B with tax payment ledger | 20th of every month | Interest @ 18% p.a. u/s 50 + E-Way Bill block |
| GSTR-1 vs 3B Liability Mismatch | CGST Rules Rule 88C | Form DRC-01B online portal submission | Within 7 days of notice | Subsequent GSTR-1 blocked & recovery u/s 79 |
| GSTR-3B vs 2B ITC Discrepancy | CGST Rules Rule 88D | Form DRC-01C reconciliation statement | Within 7 days of notice | Demand recovery + 18% interest on excess credit |
| Inverted Duty Structure Refund | CGST Act Sec 54(3) & Rule 89(5) | Form RFD-01 with CA refund certificate | Within 2 years of relevant date | Working capital blockage & forfeiture of refund |
Key legal dossiers, resolutions, and KYC documents required from promoters and entities
Calendar due dates, prescribed filing forms, and statutory default consequences
| Filing Event | Prescribed Form | Statutory Deadline | Late Fee & Default Rule |
|---|---|---|---|
| GSTR-1 Monthly Return | Form GSTR-1 | 11th of every month | ₹50 per day cumulative late fee |
| GSTR-3B Tax Settlement | Form GSTR-3B | 20th of every month | ₹50 per day + 18% p.a. interest u/s 50 |
| Annual GST Return | Form GSTR-9 | December 31 following fiscal year | ₹200 per day capped at 0.5% turnover |
| Annual Reconciliation Statement | Form GSTR-9C | December 31 following fiscal year | General penalty under Section 125 up to ₹25,000 |
Authoritative insights structured for executive boards, corporate proprietors, and regulatory compliance
As an independent multidisciplinary corporate consultancy partnership firm, Kinsmen delivers strategic commercial solutions, business structuring, and compliance facilitation without ICAI advertising constraints. Our partners provide direct, accountable surveillance for your ongoing statutory peace of mind.