Regarding ITC-04
This query is : Resolved
26 September 2024
Dear Experts,
My client has not filed ITC-04 from July 17 to till date. Now how much penalty will charge by officer, And I think 2017-18 to 2019-20 was exemption of ITC-04.
Please help
My client has not filed ITC-04 from July 17 to till date. Now how much penalty will charge by officer, And I think 2017-18 to 2019-20 was exemption of ITC-04.
Please help
19 October 2024
Notification No. 17/2017 - Central Tax dated 27th July 2017 exempted taxpayers from filing ITC-04 for July 2017 to March 2018.
Notification No. 41/2018 - Central Tax dated 4th October 2018 extended the exemption for April 2018 to September 2018.
Notification No. 47/2019 - Central Tax dated 9th October 2019 extended the exemption for October 2018 to March 2019.
Circular No. 72/2018 - Central Tax dated 5th November 2018 clarified that ITC-04 was optional for FY 2017-18 and 2018-19.
Circular No. 138/08/2020 - GST dated 6th April 2020 clarified that:
ITC-04 was optional for FY 2019-20. The exemption was applicable for the entire FY 2019-20.
However, from 1st April 2020 onwards, the exemption was withdrawn, and taxpayers are required to file ITC-04.
Notification No. 41/2018 - Central Tax dated 4th October 2018 extended the exemption for April 2018 to September 2018.
Notification No. 47/2019 - Central Tax dated 9th October 2019 extended the exemption for October 2018 to March 2019.
Circular No. 72/2018 - Central Tax dated 5th November 2018 clarified that ITC-04 was optional for FY 2017-18 and 2018-19.
Circular No. 138/08/2020 - GST dated 6th April 2020 clarified that:
ITC-04 was optional for FY 2019-20. The exemption was applicable for the entire FY 2019-20.
However, from 1st April 2020 onwards, the exemption was withdrawn, and taxpayers are required to file ITC-04.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Treatment of Pension ?annuity returns on PMVY
- Soyabean hsn code and gst rate
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Capital Gain on EUITY Shares
- Scrutiny assessments u/s 143(2) for AY 25-26
- Itr 1 processing
- TDS on payment to CHA as per new section
- Sale of Forign Shares
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
