04 July 2022
IN FY 18-19 WRONG ITC CLAIMED IN GSTR 3B (IGST CLAIMED INSTEAD OF CGST AND SGST). QUESTIONS ARE (1) IF RIGHT TAX NOW PAY AND CAN CLAIM REFUND ? (2) INTEREST APPLICABLE ? (3) PENALTY APPLICABLE ?
INFORMATIVE MATERIAL (1) SECTION 77 OF CGST AND SECTION 19 OF IGST (2) RULE 89(1A) (3) NOTIFICATION 35/2021 (4) CIRCULAR 162/18/2021
WHAT WILL BE SCENARIO RIGHT NOW ? BECAUSE IN CIRCULAR AND NOTIFICATION "ONLY FOR TAX PAID", WHAT ABOUT ITC ?
CAclubindia
