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Goods wrongly treated as exempt for 6 months

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Naveen Sharma

21 Points Posted on 08 August 2019

Hi,

My client is in the business of taxable goods business but this product was exempted under VAT so he treated this product as exempt under GST for 6 months and after that, he starts treating the product as taxable and starts charging tax on a prospective basis. further, he did not pay tax on those 6 months sale which he treated as exempt instead he reverse input tax credit while filing GSTR-9 for FY 2017-18. Now in 2019 while GST audit we came to know this problem and want to qualify our report but not have clarity over the comment which we should give in GST audit report.

Hoping that someone in this community faced this kind of problem or have an answer to this problem. so kindly provide me more clarity on this matter.

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Shivam RC

Student

7666 Points Posted on 28 August 2019

GOOD NEWS :

The DUE DATE for furnishing of Annual Return in the FORM GSTR-9 / FORM GSTR-9A and Reconciliation Statement and Audit Report in FORM GSTR-9C for the financial year 2017-18 has been extended from 31st August, 2019 to 30th NOVEMBER, 2019.

REMOVAL OF DIFFICULTY ORDER No. 07/2019-CT dated 26.08.2019, issued by the CBIC Department.

Hence, the latest Due Date to file ANNUAL RETURN ( GSTR-9 and GSTR-9A ) and Reconciliation Statement and Audit Report ( GSTR-9C ) is 30.11.2019.