Section 17(5)(i) of cgst act. 2017
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 January 2018
Dear Seniors,
Section 17(5)(I) of CGST act. 2017 Defined the non admissible of ITC on account of Non payment of tax or short payment of tax.
I'm bit confused assume if we forget to consider the outward supply bill Hence short tax has been paid later we came to know about this. Therefore we have deposit the short tax along with the applicable interest.
Now the exception is over the above stated section which stipulated that ITC shall not be admissible on short payment of tax,
Pls let me know whether this section will be applicable on demand raised by department. Or it will also be applicable in normal cases like I have stated above with illustration,
Pls suggest.....
Thanks & Regards
Ankur Gupta
Section 17(5)(I) of CGST act. 2017 Defined the non admissible of ITC on account of Non payment of tax or short payment of tax.
I'm bit confused assume if we forget to consider the outward supply bill Hence short tax has been paid later we came to know about this. Therefore we have deposit the short tax along with the applicable interest.
Now the exception is over the above stated section which stipulated that ITC shall not be admissible on short payment of tax,
Pls let me know whether this section will be applicable on demand raised by department. Or it will also be applicable in normal cases like I have stated above with illustration,
Pls suggest.....
Thanks & Regards
Ankur Gupta
CA Suresh Jain
(Expert)
22 January 2018
Your case does not fall under section 74 or 129 or 130 and hence ITC can not be denied
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
- Tax on Amount transferred in HUF Account
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Nursery business
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Working on Gold wastage during Melting of old gold jewellery
- TDS on Dashcam rent and allied services
- Intimation under section 245
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Urd purchase entry in tally prime
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
