iam taken input rs.50000/- by supplier
but supplier not filled return
what can i do
they can say , i will reverse the tax amount you will do the return
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Collect tax amount
Replies (1)
as per section 16(2)d of CGST act, recipientis eligible to claim ITC when supplier has furnished the return as per section 39.
so as per above u are not eligible to take ITC.
if claimed then add tax to outward liability and also required to pay interest @ 18%p.a u/s 50(1).
so as per above u are not eligible to take ITC.
if claimed then add tax to outward liability and also required to pay interest @ 18%p.a u/s 50(1).
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