Appraising Group Custom House audit observed wrong classification of HSN of imported items after 2 years and asked us to pay differential duty.
Should we require to reassess Bill of Entry. How to take input tax credit on IGST part.
Kindly advise
Menu
IGST AND IC
Replies (1)
In case of wrong classification, the department cannot go beyong 2 years i.e., extended period cannot be invoked. Lot of case laws in this regard in case you want to litigate the issue.
If not, then you need to get the BOE's reassessed, pay the differential duty along with IGST so as to avail ITC without any dispute.
Alternatively, a view is also possible that IGST could be claimed based on TR-6 challan however this view to be taken by intimating the department as the department may dispute.
Recent Topic
- TDS deducted by EPFO under wrong section
- Schedule SI in ITR-2
- What is the easy way to do CA- through foundation
- Schedule FA query for this AY 2026-27
- Business income source for husband and wife
- Set off of LTCL against STCG under section 536(2n)
- Audit Workflow tool
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
- NRI Query: Capital Gains Tax Exemption under Secti
Related Topics
CAclubindia
