Regarding can input tax credit adjusted against penalty

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Querist : Anonymous

Querist : Anonymous (Querist)

10 March 2016 Respected sir

Can input tax credit (on purchase of goods) adjusted against penalty for non filing of returns from Feb 2015

Ankur Singhal (Expert)
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10 March 2016 Dear
You can not adjust credit against the penalty for non filing.
As it is not a payment of duty.

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