Regarding ITC Reversal
This query is : Resolved
10 January 2025
Dear Experts,
My client has purchase goods as on 26-09-2017. Now, his supplier GST registration cancel (suomoto) as on 28-01-2020. Now department want to reverse ITC with interest & penalty.
Now, is this possible ??
My client has purchase goods as on 26-09-2017. Now, his supplier GST registration cancel (suomoto) as on 28-01-2020. Now department want to reverse ITC with interest & penalty.
Now, is this possible ??
11 January 2025
No in this case you can argue that there is no retrospective cancellation and the goods were purchased in 2017 at that time the registration was active. you can prepare good arguments and cite case laws like the Kolkata HC judgments.
13 January 2025
Thanks for Reply Sir.
Also request you to please provide judgments copy, If possible.
Also request you to please provide judgments copy, If possible.
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