29 December 2023
I HAVE FILED MY MARCH 2019 RETURN LATE ON 3RD DEC 2019 NOW THE DEPARTMENT IS ASKING ME TO REVERSE THE ITC AND PAY INTEREST WHICH IS HUGE
30 December 2023
Department is disallowing ITC under section 16(4). The problem is that even the High Courts like AP, Patna and recently Calcutta HC has upheld the Constitutional validity of section 16(4) so as of now there is no legal remedy seems to be available.
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