Form GST DRC 01 - See Rule 100(2) & 142(1)(a)- Summary of Show Cause Notice
This query is : Resolved
Mahabir Prasad Agarwal
(Querist)
29 November 2023
Sir, I have received a show cause notice dt. 27.11.2023 in Form GST DRC-01 for FY 2017-18 asking a demand of Rs. 1,71,000/- U/S.74 against Excess ITC Claimed/Wrong ITC claimed /Interest/Penalty. Tax demanded is 57,000/-, Interest also 57000/- and penalty is also around 57,000/-. Whether the said SCN is within prescribed limitation period ?
Sir, how should I proceed into the said matter ?
Sir, how should I proceed into the said matter ?
30 November 2023
yes it is within the time limit as under section 74(10) the time limit for issuance of SCN for 2017-18 will be five years from the due date of furnishing annual return which was 31st jan 2020. you have to respond to the notice
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