19 May 2022
Client applied for gst registration in F.Y.17-18 through gst suvidha kendra but was unaware that the registration was done under composition scheme.. he started his business assuming regular registration and charged 18% gst on sales and taking itc credit. he came to know about it while filing returns later on when the registration got converted to regular due to turnover going above 1 cr. he has now received a notice for the same with 100% interest and penalty as a result of ineligible itc taken. what are the options available to him? any mode of relief?