Hy all,
we purchased goods from a supplier in year 2019-20 worth 12 LkH and taken credit in same year.
but few days back we received notice from department" asking to payment of credit with interest becz supplier cancelled GST registration"
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INPUT REVERSE BACK
Replies (3)
Give more clarity...
When gst cancelled...??
What about their filing on the said period...??
When gst cancelled...??
What about their filing on the said period...??
If we consider ITC rules
1.invoice must be their
2.paymemt has been done
at that time these conditions were their. so no need to payback.
if more advice sravan @ msassociates.pro
1.invoice must be their
2.paymemt has been done
at that time these conditions were their. so no need to payback.
if more advice sravan @ msassociates.pro
Cancellation of gst registration cannot be the sole reason for reverse of input. upload the notice.
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