Departmental audit

160 views
User Avatar

34 Points Posted on 10 July 2020
what should ask by department at the time of departmental audit for the point of gstr 2a matching.
0 Reply Share Follow
On 10 July 2020 at 09:43 Report
Replies (2)
Quick Summary
This discussion focuses on preparing for departmental audits, specifically concerning GSTR 2A matching and Input Tax Credit (ITC) claims. It highlights that auditors will likely request documentary evidence for ITC. A key point is the disallowance of ITC exceeding 110% of the GSTR-2A amount, as per Rule 36(4) from October 2019, which departments will check during audits.

User Avatar

78 Points Posted on 10 July 2020
Surely they will ask about documentery evidence of ITC.
1 Reply
On 10 July 2020 at 11:01
User Avatar

Assistant Manager
787 Points Posted on 10 July 2020
If the ITC availed is in excess of 110% of ITC reflected in GSTR-2a the ITC would be disallowed as per Rule 36(4) from October 2019 onwards that can be checked by department during audit
1 Reply
On 10 July 2020 at 21:08

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. GST Reconciliation Tool (2A vs Books) - looking fo
  2. TDS ON PF FORM 19 WITHDRAWAL
  3. Can a virtual office in Mumbai be used for company
  4. Eway and e invoicing in condition where 4 party ar
  5. Bank balance in ITR-3
  6. INCLUDING PROFITS FROM REIT / INVIT IN SHARE TRADI
  7. Tempsens Instruments IPO GMP Allotment Listing dat
  8. Upload Type - Correction. Not showing in TDS filli
  9. Partnership tax audit query
  10. ERROR SHOWING PARTNER REMUNERATION ITR 3 TIME OF V

More recent discussions | Post

Related Topics :

Loading