Itc additional query treatment

A gst registered dealer itc credit books vs gstr2a difference additional credit -expenses accounting treatment in gst act.
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the vendor-wise reconciliation must be done on a regular basis. If not done, taxpayer must consider doing it before filing GST returns of September of FY following the relevant FY. This will help identify and declare any unclaimed ITC within the deadline.

  • Claim ITC belonging to a relevant FY, if not claimed earlier or reverse the ineligible ITC, if not identified and done earlier.
  • Match Table of exports at 6A of GSTR-1 vis-a-vis Corresponding declaration in GSTR-3B
  • Matching Table of exports at 6A of GSTR-1 vis-a-vis details of shipping bills submitted on ICEGATE
  • Comparison between Annual Income Tax Return with Annual GST return

Declaration of Turnover from Business(at PAN level)

  • Comparing Purchase register vis-a-vis GSTR-2A for the entire FY
  • Compare GSTR-1 vis-a-vis GSTR-3B
  • To Compare the ITC in GSTR-3B vis-a-vis GSTR 2A  for the entire year

 

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