Gst itc reversal

This query is : Resolved

Querist : Anonymous

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

Guest

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.

Querist : Anonymous

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?

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