One supplier has excess Claimed ITC in 17-18 and has also declared excess tax on outward supplies which results in availment of excess ITC. The same ITC reversed by him in 20-21. Now the case of taxpayer is in department audit for 17-18 to 19-20.
What can be done and what defence can be taken. Kindly guide.
Menu
Output and Input gst difference
Replies (4)
Quick Summary
Prepare proper calculation and provide in your defence.
What interest liability can arise
Only if there is no balance of ITC at the time of liability creation. Inbox me for further queries.
,prepare a proper calculation and then justify.
Recent Topics :
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
Related Topics :
CAclubindia
