ITC 2018-2019

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A taxpayer received a notice to reverse Input Tax Credit (ITC) for 2018-2019 because their March GSTR-3B was filed on 3rd December 2019. This late filing is likely to be hit by Section 16(4) of the GST Act, as the due date was in September. The taxpayer is seeking urgent advice on how to proceed, as the amount involved is substantial.

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(Querist)
20 December 2023 I received a notice asking to reverse the itc of 2018-2019 as the gstr3b of march was filed on 3-12-2019
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CS Advocate Abhishek Goyal

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CS Advocate Abhishek Goyal (Expert)
21 December 2023 Yes it will be hit by section 16(4). as the due date was sept only
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Pawan Gupta

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Pawan Gupta (Querist)
28 December 2023 WHAT TO DO NEXT THE AMOUNT IS VERY BIG
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