Gst itc reversal

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
12 September 2018 Dear Experts,
We have purchased the goods from our nearby vendor and we have also availed the ITC thereof. However the invoice amount was above 50000/- but vendor has not generated the e way bill also we had not look at the same. But now it's came in our notice pls let me know what should I do.....

Thank & Regards
Amol Jain

Avatar

Guest

Profile Image
Guest (Expert)
13 September 2018 The person who has done movement of goods is liable to obtain registration.Therefore if the shop owner has caused movement of goods then he is liable or else it will be your Liability to generate Eway bill.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
15 September 2018 Sir in such scenario as buyer of goods what will be the consequences for us any penalty or itc reversal of any?


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



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro

Follow us
add to google news


Answer Query



Company
ARTICLESHIP 30 June 2026
Article Assistant or Paid Assistant

VIKAS VERMA & CO

New Delhi

Others

View Details
Company
23 July 2026
CA Inter

Vikram Jadhav and Company

Pune

CA Inter

View Details
Company
06 July 2026
Accountant

Agarwal Anoop and Associates

Noida

CA Final

View Details
Company
20 July 2026
Senior GST Executive

Chandak Agarwal & Co

Mumbai

Graduate (Any)

View Details
Company
14 July 2026
Senior Executive/ Manager

H S SHARMA AND CO

Pune

CA Final

View Details
Company
ARTICLESHIP 30 June 2026
Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
16 July 2026
Manager - Finance & Accounts

Aliens Group

Hyderabad

CA Final

View Details
Company
23 July 2026
Senior Accountant

Felicity Adobe LLP

Bengaluru

CA Inter

View Details