EXCESS ITC TAKEN 2017-18 WHILE ITC REDUCED IN 2018-19 (INPLACE OF REVERSAL)
This query is : Resolved
26 November 2022
I HAVE TAKEN 131250 EXCESS ITC 2017-18. SO I HAVE TAKEN LESS ITC IN 2018-19. NOW DEPARTMENT HAS ISSUED ME EXCESS ITC TAKEN NOTICE U/S 61.
THEY HAVE TOLD ME THERE IS NO SUCH PROVISION UNDER GST IT SHOULD BE REVERSED. YOU CAN NOT REDUCE IT IN SUBSEQUENT FINANCIAL YEAR.
KINDLY PROVIDE ME BETTER SUGGESTION AND RULING IN THIS REGARD.
THEY HAVE TOLD ME THERE IS NO SUCH PROVISION UNDER GST IT SHOULD BE REVERSED. YOU CAN NOT REDUCE IT IN SUBSEQUENT FINANCIAL YEAR.
KINDLY PROVIDE ME BETTER SUGGESTION AND RULING IN THIS REGARD.
26 November 2022
It is very difficult to prove that you have reduced the same ITC. You will have to prepare reconciliations of both the years 2017-18 and 2018-19 with GSTR-2A and then prove that ITC taken is actually the ITC already taken. It will also depend what disclosures you made while filing GSTR-9/9C of those years.
If nothing works you can simply take the stand that to claim ITC the condition of matching with GSTR-2A was not required during 2017-18 and 2018-19
If nothing works you can simply take the stand that to claim ITC the condition of matching with GSTR-2A was not required during 2017-18 and 2018-19
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Stamp Paper for partnership firm change new income tax 2025
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- Regarding TDS Applicability For Director Remuneration
- SFT Cash Deposit in Current Account
- FORM 26A APPLICABILITY
- TDS APPLICABILITY......
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
