Page 18 - Jignyasa-June 2020

DOCUMENT LIST AREAS TO BE FOCUSED / CHECKED
/ VERIFIED
 In case of export transactions,
conditions prescribed for being
considered as export of goods and
export of services are fulfilled
 Check for transactions wherein
the goods sent for job work not
received back are treated as supply
Input Tax Credit

 Difference in the ITC claimed in
FORM GSTR3B and ITC as per
GSTR2A

 Difference in the ITC claimed in
FORM GSTR3B and ITC as per
books of accounts (to be tallied on
a monthly basis)
 Conditions for claiming input tax
credit as per Sec 16(2) of CGST
Act, 2017 are fulfilled

 Tax paying documents for availing
ITC contains the mandatory details
of the recipient as prescribed (i.e.
GSTIN, Name, GST amount)
 Blocked ITC as per Sec 17(5) has
been not been availed

 Reversal of input tax credit due to
non-payment of consideration within
180 days from date of invoice,
along with applicable interest
 Reversal of common credits is done
as per Rule 42 or Rule 43 along
with applicable interest, if any
 Check for input tax credit pertaining
to current financial year is claimed
in the subsequent financial year

 Check for input tax credit pertaining
to previous financial year is claimed
or reversed in the current financial
year. Also, time limit of claim such
ITC is adhered to i.e. by return for
September of next financial year.

 ITC in respect of import of goods
matches with the IGST paid

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