For F.Y. 2018-19 Rs. 3,00,000 ITC in gst was included in expenses at the time of filing ITR and tax audit report.
Now while doing GST audit for the same financial year, it has been found that this ITC is eligible and is not a blocked credit.
So what should I do now?
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Should I revise Income tax return?
Replies (1)
Not only to file revised return but before that revised tax audit report under 44AB. Also revise Computation an pay differential SA Tax if any resulting afap.
Discuss with tax Auditor and follow his advice to set the issue sorted out.
Discuss with tax Auditor and follow his advice to set the issue sorted out.
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