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Sect 16(4)

Ashraf Ali (30 Points)

23 January 2020

how give reply when a notice received in gst sec 16(4)

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7 Replies

Anup Agarwal (1184 Points)
Replied 23 January 2020

Can you share content of notice?

Ashraf Ali (30 Points)
Replied 23 January 2020

Yes I share it

CA SANDESH MAHIPAL (Practicing in GST and MSME ) (1985 Points)
Replied 24 January 2020

Plz share notice copy so that better solution can be discussed.
Regards

Ashraf Ali (30 Points)
Replied 24 January 2020

Sir content of notice is that a party filed his 3b for the month of march 2019 was on November 2019 . the time limit for claiming input for the year 2018_2019 was finished on 20/10/2019 so that total input claimed for the month of march 2019 should be paid through drc 03

Gautam Shukla (Finance Professional) (6 Points)
Replied 24 January 2020

What is the time limit for reversal ITC through DRC-03 in this case?

Ashraf Ali (30 Points)
Replied 24 January 2020

Time limit was 20/10/2019 for claiming input of 2018,_2019

CA SANDESH MAHIPAL (Practicing in GST and MSME ) (1985 Points)
Replied 25 January 2020

As per current GST provisions, deptt has issued correct notice as the time limit for claiming ITC for FY 2018-19 has elapsed.
Yet, annual returns for FY 2017-18 is still pending and undetgoing various changes, we may expect a date extend for claiming ITC for FY 2018-19. Now you have to take decision.

Thanks & Regards