WE HAVE INSTALLED A SOLAR PANEL WHICH IS INSTALLED FAR AWAY FROM OUR FACTORY AND THE PREMISES IS NOT ADD IN OUR GST REGISTRATION CERTIFICATE. NOW DURING THE COURSE OF AUDIT BY THE DEPART MENT THEY ARE ASKING TO REVERSE THE ITC ON THE GROUND THAT THE PREMISES IS NOT ADD IN OUR REG CERTIFICATE. IT IS A VERY HUGE AMOUNT. PLEASE ADVISE ME WHETHER WE ARE ELIGIBLE FOR ITC OR NOT. THANKS IN ADVANCE
02 September 2023
Ask them in which provision of GST law they are asking for reversal of ITC. The failure to add additional business place is only a procedural lapse and for which section 125 penalty can be levied. Ask them to tell under which section the ITC is disallowed. Let them issue a reasoned show cause notice.
03 September 2023
Whether only on the ground of Non Registration, Department is asking to reverse the credit. If Yes then let department proceed to issuse notice
CAclubindia
