ITC Unmatched with GSTR-2B and Huge Demand Notice Issued

232 views 4 replies

For The Month of JANUARY - 2021 ----

Our ITC Unmatched with GSTR-2B --- of Rs. 575000/- -----

Due to Some Invoices are not  yet uploaded at  GSTR-1 by  Supplier ----

Supplier confirmed that He will upload the same within 2 days

Today  GST Superintendent  came and verified ----

Issue a Demand Notice Rs. 575000/- with Interest  and directed us we have to deposit 

this amount tomorrow

Question :  This is Justified ???? What is GST Rule ?

please reply

 

 

Replies (4)
How much ITC reflected in your GSTR2B
What is itc shown in 2b?
Rule is correct. action of officer is wrong. can claim in next month.
First calculate how much ITC reflected in your GSTR2B based on that calculate provisional ITC 5% as per Rule 36(4). if ITC availed is >5% then you can pay the demand with interest 24% p.a. next month you can reavail the same after reflection in your GSTR2B. you have 30 days to pay the demand

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