{"id":1210,"date":"2018-10-16T05:05:02","date_gmt":"2018-10-16T05:05:02","guid":{"rendered":"http:\/\/www.gstpractitioners.in\/?p=1210"},"modified":"2018-10-16T05:56:38","modified_gmt":"2018-10-16T05:56:38","slug":"company-can-under-scrutiny-of-return-if-more-than-95-itc-against-the-total-gst-liability","status":"publish","type":"post","link":"https:\/\/www.gstpractitioners.in\/blog\/company-can-under-scrutiny-of-return-if-more-than-95-itc-against-the-total-gst-liability\/","title":{"rendered":"company can under scrutiny of return if more than 95% itc against the total gst liability"},"content":{"rendered":"
<\/span> 1,011<\/span><\/div>
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GST UPDATES<\/strong><\/p>\n

It is observed that\u00a0 if during the last five to six months your client’s company\/ firm has utilized\/adjusted\u00a0more\u00a0<\/span>than\u00a095\u00a0<\/span>per cent of\u00a0Input Tax Credit\u00a0<\/span>against the\u00a0total GST liability<\/span><\/strong><\/em>. Then it will be under scrutiny of return and following documents will be required by dept.<\/p>\n

a) \u00a0 \u00a0 \u00a0Copy of Registration Certificate.<\/p>\n

b) \u00a0 \u00a0 \u00a0Brief note on Business activity.<\/p>\n

c) \u00a0 \u00a0 \u00a0Self-attested copies of GSTR-1 & GSTR3B for the periods.<\/p>\n

d) \u00a0 \u00a0 \u00a0% of value addition at the time of sale of goods.<\/p>\n

e) \u00a0 \u00a0 \u00a0Stock of goods in terms of Section 35 of the CGST Act.<\/p>\n

f) \u00a0 \u00a0 \u00a0 Month wise details of Inward supply of Goods & Services for the periods along with e-way bill copy.<\/p>\n

g) \u00a0 \u00a0 \u00a0Month wise details of Outward Supply of Goods & Services for the periods.<\/p>\n

h) \u00a0 \u00a0 \u00a0Sample output Invoices of post GST regime.<\/p>\n

i) \u00a0 \u00a0 \u00a0 Copy of Electronic\u00a0Credit ledger.<\/p>\n

\"\"<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

1,011 GST UPDATES It is observed that\u00a0 if during the last five to six months your client’s company\/ firm has …. <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,28,22,1],"tags":[],"class_list":["post-1210","post","type-post","status-publish","format-standard","hentry","category-blog","category-gst-return","category-input-tax-credit","category-uncategorized"],"gutentor_comment":0,"_links":{"self":[{"href":"https:\/\/www.gstpractitioners.in\/blog\/wp-json\/wp\/v2\/posts\/1210","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gstpractitioners.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gstpractitioners.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gstpractitioners.in\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gstpractitioners.in\/blog\/wp-json\/wp\/v2\/comments?post=1210"}],"version-history":[{"count":7,"href":"https:\/\/www.gstpractitioners.in\/blog\/wp-json\/wp\/v2\/posts\/1210\/revisions"}],"predecessor-version":[{"id":1220,"href":"https:\/\/www.gstpractitioners.in\/blog\/wp-json\/wp\/v2\/posts\/1210\/revisions\/1220"}],"wp:attachment":[{"href":"https:\/\/www.gstpractitioners.in\/blog\/wp-json\/wp\/v2\/media?parent=1210"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gstpractitioners.in\/blog\/wp-json\/wp\/v2\/categories?post=1210"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gstpractitioners.in\/blog\/wp-json\/wp\/v2\/tags?post=1210"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}