ITC availed unknowingly

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Student
120 Points Posted on 16 October 2017
Are there any consequences for availing credit without proper knowledge of Act but not wilfully or fraudulently???
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On 16 October 2017 at 19:50 Report
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Guest

having knowladge is always better 

just refer only some section of gst since if any mistake 

then penalty and interest will impose and tax payer only have to 

bare this

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On 16 October 2017 at 19:58
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Student
120 Points Posted on 16 October 2017
sorry I didn't understand
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On 16 October 2017 at 21:24
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Student cum businessman cum professional
859 Points Posted on 16 October 2017
You have to pay interest @ 24%
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On 16 October 2017 at 22:21
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Business and tax consultant
3299 Points Posted on 16 October 2017
what kind input will you avail without bill
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On 16 October 2017 at 22:54

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