Please Clarify 16(4) ITC contravention act

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159 Points Joined October 2017
We already paid the Tax,late fee, and interest u/s 73 and 16(4)

Now it is possible to claim the refund or eligible to claim the ITC as per the sec 16(5) and 16(6) We can claim Refund

please give me suggestions
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On 29 January 2025 at 12:41 Report
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Master in Accounts & high court Advocate
9529 Points Joined December 2011

You've already paid the tax, late fee, and interest under Sections 73 and 16(4).

 Now, you're exploring possibilities for claiming a refund or Input Tax Credit (ITC).

Here are some suggestions: Refund Claim To claim a refund, consider the following:

1. *Check eligibility*: Verify if you're eligible for a refund under Section 54 of the CGST Act, 2017.

2. *Refund application*: File a refund application in Form GST RFD-01, providing necessary documents and details.

3. *Supporting documents*: Attach documents supporting your refund claim, such as: - Proof of tax payment - Proof of late fee and interest payment - Invoice-wise details of inputs/input services

 4. *Time limit*: Ensure you file the refund application within the specified time limit (typically 2 years from the date of payment).

Input Tax Credit (ITC) Claim To claim ITC, consider the following: 1. **Check

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On 29 January 2025 at 14:57


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