GST ITC claimed and issuer found non existing

ITC / Input 229 views 1 replies

35 Points Joined June 2017

I have purchased material from Delhi in August 2022. Material came from delhi on eway bill and further trade to Agra.

Now ITC has been blocked by Deputy commissioner and said that issuer firm found non existing so we are not liable to take ITC.

Please suggest what should I do?

Do I need to pay ITC amount through DRC-03 and Is there any other consequences for this?

Replies (1)

Chartered Accountant

108 Points Joined May 2023

YES, If you already utilized ITC, You need to pay through DRC-03.

Further if GST Department consider that it is done by you deliberately. Then Department can take further action.

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