GST NOTICE CAME

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This query is : Resolved

Quick Summary

A GST registration was cancelled a year ago with no outstanding liability. However, a reversal notice (DRC-01) has now been issued regarding ITC not claimed in FY 18-19. The notice is considered valid because the law permits assessments even after cancellation, as it doesn't absolve the taxpayer of past liabilities.

MALAY DAS

MALAY DAS (Querist)

01 January 2024 RESPECTED SIR
GST REGISTRATION WAS CANCLLED 1 YRS BACK AND CANCELLATION ORDER ISSUED WITH NO LIABLITY . BUT NOW GST REVERSAL NOTICE DRC01 COME AND ITC NOT CLAIM EXCESS DURING FY 18-19. IS NOTICE VALID? PLEASE ADVICE THANKS.....

RAJA P M

RAJA P M (Expert)

02 January 2024 Yes, The notice is valid.

CS Advocate Abhishek Goyal

CS Advocate Abhishek Goyal (Expert)

02 January 2024 assessment of cancelled firms can take place, so there is nothing wrong in show cause because the law itself provides that cancellation will not affect the liability to pay any tax or interest of the tax payer.

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