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Mismatched ITC Found in Month but No Mismatched ITC Found in GSTR 9

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sujit naha

accountant

226 Points Posted on 07 March 2021

financial year 2019 -2020

1) ITC Mismatched found in -- May and Nov'19

2 ) All Mismatched ITC Invoices uploaded by Supplier on -- Feb'20

3) Result : No Mismatched ITC found at GSTR-9 for 2019 -2020

question: Can GST Authority Impose Penalty/ Interest / Show Cause etc. for above incidents ???

please reply with Rules

Replies (4)

Quick Summary

This discussion addresses a scenario where Input Tax Credit (ITC) mismatches were identified in specific months but were subsequently rectified by the supplier before the annual return filing. The consensus is that if all ITC mismatches are resolved and reconciled in the GSTR-9 annual return, the GST authorities are unlikely to impose any penalties, interest, or issue show cause notices. The key is that the annual return accurately reflects the final reconciled ITC position.

CA. Sourav Sarkar

Chartered Accountant

16188 Points Posted on 07 March 2021

In case all the mismatch ITC's are matched at the end of the year by uploading all the invoices then no notice or penalty can be imposed by GST authority

Shivam RC

Student

7666 Points Posted on 07 March 2021

If all the ITC mismatch is matched in the Annual Return ( FORM GSTR-9 ), then there is no issue. The Department will not issue any Notice or impose Penalty if everything is fine and proper.

Pankaj Rawat

GST Practitioner

29904 Points Posted on 08 March 2021

No..... No SCN shall be be issued in this case . (Moreover in table 8A of GSTR 9 have been match with table 8B, so the question of mismatch does not arise )