FROM THE PURCHASE BILLS GIVEN WE CLAIMED ITC, BUT SO FAR, SUPPLIER NOT DISCLOSED AS B2B SALES.
FINALLY WHEN WE CHECKED THE BILLS ITS MENTIONED AS UNREGISTERED DEALER. BUT ACTUALLY WE ARE A REGISTERED DEALER, AND WE GIVEN TO THEM OUT GST NO.
NOW HOW TO GET THE ITC.
CAN WE ASK THE DEALERS TO AMEND THE SALES FROM THEM TO US?
ITC is Not Available on supplies from a unregistered person. since you have wrongly claimed ITC but later on it was found that the Supplier was not registered. you have to pay back the ITC claimed wrongfully with Interest.
Supplier registered,, but the sales invoice they not mentioned our gst no.as well as itc.
You should have verify the Tax Invoice before claiming any ITC
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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CAclubindia
