Gujarat vat - itc unreconciled

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

28 March 2016 Hi,

One of my client has itc unreconciled profile as per gujarat vat website for fy 2015-16 is Rs. (-1640).

What action should I take about it? Can My client this reconciled amount as vat credit if we have all the bills?

Thanks in advance

Murtaza I Bhagat

Murtaza I Bhagat (Expert)
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28 March 2016 Its not a big problem if you have purchased with tax invoice and seller is registered dealer. talk to your seller whether they have did any mistakes while filling Annex. 201A. if they have filed properly then you have to take simple letter of credit which is not shown in ITC Profile will be authorized by seller Ghatak that Credit need to be give on so n so purchase to buyer.

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Murtaza I Bhagat

Murtaza I Bhagat (Expert)
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28 March 2016 Even TAX INVOICE bill is also need to take with you while assessment if officer consider its ok then no need to take that credit letter.

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