Baba & Associates Chartered Accountants

Government (CBIC) has issued detailed guidelines for Return Scrutiny under GST for FY 2017-18 and 2018-19. Such scrutiny of Returns would be in time bound manner. Some indicative list of parameters for scrutiny have been given in the guidelines as below:

🔵 Difference in Tax Liability between GSTR-1 and GSTR-3B

🔵 RCM liability to be compared with RCM ITC availed in GSTR-3B

🔵 RCM liability appearing in GSTR-2A and liability declared in GSTR-3B

🔵 Tax liability paid in cash in GSTR-3B should not be less than liability declared on RCM in GSTR-3B

🔵 ITC availed on ISD to be compared with IDS ITC appearing in Table 7 of GSTR-2A

🔵 All other ITC availed in GSTR-3B to be compared with ITC appearing in GSTR-2A

🔵 Outward tax liability declared in GSTR-3B should not be less than payable as TDS/TCS appearing in GSTR-2A

🔵 Comparison of liability declared in GSTR-3B with E-way Bill Report

🔵 ITC availed in respect of vendors where registration cancelled retrospectively

🔵 ITC availed in GSTR-3B where vendors not filed GSTR-3B

🔵 GSTR-3B filed after September due date- no ITC to be availed in this Return

🔵 Import of goods ITC availed in GSTR-3B to be compared with ITC appearing in GSTR-2A on import of goods

🔵 ITC reversal under Rule 42/43 viz a viz exempted supply shown in Return

🔵 Payment of Interest and Late Fees.

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Beware

Salaried taxpayers beware! Claiming false HRA, other benefits through ITR may land you in trouble Income Tax Return e-Filing for AY 2019-20: For false claimants of HRA, other exemptions, it may turn out to be nothing but inviting trouble.

DIR-3 KYC fee has been reduced to INR 500/- from INR 5,000/- for 15 days, amendment notification dated 20.09.2018 vide Companies (registration office and Fees) 5th Amendment Rules, 2018

From 21 sept till 05 Oct, reduced fees is 500.. From 06 Oct onwards, fees of 5000 shall be charged for KYC default.

31st July (Due date) extended to 31st August for all those categories who were required to file IT Return by 31st July