https://www.taxtmi.com/article/detailed?id=8552 Point IV.14 requires reconciliation of ITC claimed in GSTR 9 with ITC in audited books by bifurcating total ITC across expense heads using supplier details and accounting descriptions. Auditors must verify eligibility and exclude ineligible or blocked credits from reported availed ITC. Differences between book ITC and annual return ITC must be explained; unreconciled excess claims can lead to payment obligations and short claims can lead to lapse of credit. en-us Thu, 20 Jun 2019 15:43:48 +0530 Thu, 20 Jun 2019 15:43:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8552 Point IV.14 requires reconciliation of ITC claimed in GSTR 9 with ITC in audited books by bifurcating total ITC across expense heads using supplier details and accounting descriptions. Auditors must verify eligibility and exclude ineligible or blocked credits from reported availed ITC. Differences between book ITC and annual return ITC must be explained; unreconciled excess claims can lead to payment obligations and short claims can lead to lapse of credit. Articles Goods and Services Tax - GST Thu, 20 Jun 2019 15:43:48 +0530 https://www.taxtmi.com/article/detailed?id=8552