hi
department issued notice and asking to reverse or pay the ITC claimed for the months falling in FY 2018-19, filed after 21.10.2019
is there any way to come out of this situation using any other section or rules or notification references
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Notice issued under 16(4)
Replies (6)
Your query not cleared...
which month return you take ITC...?
which month return you take ITC...?
March 2019
Yes.. You can claim PY (18-19) ITC on or before filing of September (2019) GST returns or Annual return (FY 18-19)...
Say the rule to the officer...
Say the rule to the officer...
Yes... You can claim itc on or before filing of September gst returns or annual return ..
Yes you can claim ...... but there are few cases in which supplier is found to be defaulter or done fraud , in such situation the Receptient is liable to reverse the ITC .
Refer Section 155 of CGST Act
Refer Section 155 of CGST Act
Yes.. if ITC claimed defaulter or fraud then it's reversed as per Mr Pankaj Rawat's view...
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