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Issue related to the claim of Input Tax Credit (ITC)

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RATILAL LIMBANI

PARTNER

66 Points Posted on 08 July 2024

I am writing to seek your assistance in resolving an issue related to the claim of Input Tax Credit (ITC) for a purchase made from ABC Co. Ltd.

We purchased goods worth Rs. 100,000 from ABC Co. Ltd. and paid Integrated Goods and Services Tax (IGST) amounting to Rs. 18,000

We have recorded this transaction in our books of accounts and filed the corresponding GSTR-3B return, claiming the ITC for the IGST paid.

Subsequently, ABC Co. Ltd. entered into liquidation proceedings before the National Company Law Tribunal (NCLT). Due to this, ABC Co. Ltd. has not filed their GSTR-1 returns, thereby failing to reflect our purchase in their records.

please help me how to reply before GST Applet authority to save my ITC claim

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Quick Summary

This discussion addresses a common problem where a business is unable to claim Input Tax Credit (ITC) because their supplier, ABC Co. Ltd., has entered liquidation and failed to file their GSTR-1 returns. The user is seeking advice on how to respond to the GST Applet Authority to protect their ITC claim. The suggested approach involves providing proof of purchase, such as tax invoices and e-way bills, to demonstrate the legitimacy of the claim.