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 :
- Ewaybill and Transport documents (Lorry receipt)
- LTCG on sale of Builder Buyer Agreement
- Rule 13(2)(h) and valuation of CCDs
- Leave encashment, New labour code, Management cadr
- GST clarification needed:
- TDS processed with short deduction default
- TDS on rent paid to RNOR Landlord. Can RNOR US tax
- PAN CANCELLATION OF A DISSOLVED PARTNERSHIP FIRM
- Transport agency accounting entry in purchase &
- REGARDING HSN CODE FOR WASHING JOB CHARGES
Related Topics :
CAclubindia
