Provisions of unclaimed Input tax credit
This query is : Resolved
09 February 2020
I made a purchase in 2017-18 but by mistake i never claimed ITC for the same. Now i received a notice from department that My GSTR-3B is shorter than GSTR-2A. What should i do? What is provision for this situation? Can department tax penalty for unclaimed ITC. Please tell me.
10 February 2020
No penalty can be levied on unclaimed ITC. ITC only lapse when it's not claimed.
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12 February 2020
Officer sent me a notice under sec.70. He is saying that I have not shown purchase and now i have to pay penalty as a fraud case.
12 February 2020
File annual return gstr 9 and correct it now.
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