Form GST DRC 01 - See Rule 100(2) & 142(1)(a)- Summary of Show Cause Notice

This query is : Resolved 

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 ?

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



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries