We came to know from GST Office that :
GST Audit will Claim for Mismatched ITC in Yearly Return Basis ---
But Not Monthly (3B) Return Basis ----
Its True ????? please reply... thanks
sujit naha (accountant) (350 Points)
30 July 2021We came to know from GST Office that :
GST Audit will Claim for Mismatched ITC in Yearly Return Basis ---
But Not Monthly (3B) Return Basis ----
Its True ????? please reply... thanks
RENU SHARMA
(1388 Points)
Replied 01 August 2021
CA Altamush Zafar
(GST Consultant)
(15971 Points)
Replied 01 August 2021
Actually it is on monthly basis. But the department is checking on yearly basis. If there is a difference on yearly basis then they are issuing notices and demands
Bhavika Kothari
(CA)
(1258 Points)
Replied 10 August 2021
ITC (Input tax credit) is to be taken on a monthly basis while GST department audits it on a yearly Return basis