Notice issued under 16(4)

This discussion addresses a notice issued under Section 16(4) of the CGST Act, demanding the reversal or payment of Input Tax Credit (ITC) claimed for FY 2018-19 if filed after 21.10.2019. Participants explore options to contest this, referencing rules that allow claiming ITC for FY 2018-19 up to the filing of September 2019 GST returns or the annual return. It's also noted that ITC reversal may be required if the supplier is found to be a defaulter or involved in fraud, as per Section 155 of the CGST Act.