Respected sir🙏. My client filed Mar-2020 3B return late on Dec-2020. Now a notice has come for this. In the GST notice, Violation of Section 16(4) of the Act and following this Section 39 is mentioned in the notice as ineligible for ITC due to late filing. The officer asks to pay ITC with interest for this. Sir, what should I do now?
As per general practice in industry the officer is right and you will have to reverse the ITC. You can take a paid professional opinion if you want to contest it but you will only find relief in HC or SC and the chances are also slim
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CAclubindia
