07 November 2023
dear expert please guide me "My client purchased goods from ABC Company in FY 2018-19, and the Input Tax Credit (ITC) amount claimed was Rs 7 Lakhs. However, ABC Company failed to file their GSTR-1 and goes for liquidation to NCLT , I received notice from the tax department demanding the reversal of ITC along with interest." please guide me how i can defend my client
07 November 2023
Reply to the notice you have fulfilled all the conditions for availing ITC. 1 Paid for the goods received. 2 Received the goods. 3 Having valid tax invoice.
CAclubindia
