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GST Authority Claim for Mismatched ITC in Yearly Return

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sujit naha

accountant

355 Points Posted on 30 July 2021

We came to know from GST Office that :

GST Audit will Claim for Mismatched ITC in Yearly Return Basis ---

But Not Monthly (3B) Return Basis ----

Its True ????? please reply... thanks

Replies (3)

Quick Summary

This discussion clarifies how the GST authority handles claims for mismatched Input Tax Credit (ITC). While ITC is claimed monthly, the GST department audits and issues notices based on yearly return discrepancies. It's important to note that while the audit looks at the yearly total, the actual claim for mismatched ITC can be managed on a quarterly basis.

RENU SHARMA

1388 Points Posted on 01 August 2021

You can claim such mismatched itc ( gstr 2A) not yearly basis you can take quarterly basis

CA Altamush Zafar

GST Consultant

15986 Points Posted on 01 August 2021

Actually it is on monthly basis. But the department is checking on yearly basis. If there is a difference on yearly basis then they are issuing notices and demands