Sect 16(4)

347 views
User Avatar

30 Points Posted on 23 January 2020
how give reply when a notice received in gst sec 16(4)
0 Reply Share Follow
On 23 January 2020 at 18:01 Report
Replies (7)
Quick Summary
This discussion addresses how to respond to a GST notice concerning Section 16(4), which relates to the time limit for claiming Input Tax Credit (ITC). The notice was issued because a supplier filed their March 2019 GSTR-3B in November 2019, exceeding the deadline of 20th October 2019 for claiming ITC for the 2018-2019 financial year. The advice given is that the department has issued the notice correctly based on current provisions, but there's a possibility of an extension for claiming ITC, similar to the pending annual returns for FY 2017-18.

User Avatar

1184 Points Posted on 23 January 2020
Can you share content of notice?
Reply
On 23 January 2020 at 18:32
User Avatar

30 Points Posted on 23 January 2020
Yes I share it
Reply
On 23 January 2020 at 18:44
User Avatar

Practicing in GST and MSME
1985 Points Posted on 24 January 2020
Plz share notice copy so that better solution can be discussed.
Regards
Reply
On 24 January 2020 at 10:38
User Avatar

30 Points Posted on 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
Reply
On 24 January 2020 at 11:21
User Avatar

Finance Professional
6 Points Posted on 24 January 2020
What is the time limit for reversal ITC through DRC-03 in this case?
Reply
On 24 January 2020 at 13:58
User Avatar

30 Points Posted on 24 January 2020
Time limit was 20/10/2019 for claiming input of 2018,_2019
Reply
On 24 January 2020 at 15:23
User Avatar

Practicing in GST and MSME
1985 Points Posted on 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
Reply
On 25 January 2020 at 10:13

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. CA Fees deduction for non audit case allowed?
  2. 5th Letter PAN Mismatch with Surname issues still
  3. Criteria to hire an article
  4. Guidence requested for a Finance Professional with
  5. Expert Opinion Required – Form 140 Gross Amo
  6. WRONG TAX DEMAND - formal responses , rectificatio
  7. Foreign remittance
  8. Affordable Residential Flats in Gurgaon
  9. Manufacturing
  10. TAN REGISTRATION ON E-FILLING SITE

More recent discussions | Post

Related Topics :

Loading