GST audit
This query is : Resolved
Quick Summary
Sonnal Khandaray
(Querist)
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?
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
(Expert)
16 March 2021
In both the cases reduce ITC availed/reverse ITC
Sonnal Khandaray
(Querist)
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
(Querist)
16 March 2021
Do we need to include second one in outward supplies as a taxable turnover?
CA R SEETHARAMAN
(Expert)
16 March 2021
No need to include second one in outward supply.
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