GST audit

This query is : Resolved

Sonnal Khandaray (Querist)
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16 March 2021 Hi All

During GST audit , we found that there is a wrong availment of credit. So we filed DRC-03 and paid the liability with interest.
Now do we need to reduce ITC availed earlier taken while filing GSTR-9?

One more issue, during GST audit, we found that there is a medical insurance recovery from employees, so we paid the liability through DRC-03. Do we need to include this in outward taxable supplies and shows liability paid?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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16 March 2021 In both the cases reduce ITC availed/reverse ITC

Sonnal Khandaray

Sonnal Khandaray (Querist)
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16 March 2021 But in the second case, no ITC was availed ? It is the area identified by the auditor during the audit that on medical insurance recovery from the employees no GST was paid.

Sonnal Khandaray

Sonnal Khandaray (Querist)
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16 March 2021 Do we need to include second one in outward supplies as a taxable turnover?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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16 March 2021 No need to include second one in outward supply.

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