E-waybills not generate by supplier itc reverse compulsory
Kollipara Sundaraiah (B.com) (2984 Points)
10 April 2023question:
dealer itc claim taken reverse next month compulsory in gstr3b returns
Kollipara Sundaraiah (B.com) (2984 Points)
10 April 2023
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 10 April 2023
CS Advocate Abhishek Goyal
(M Com FCS LLB M-AIMA )
(13709 Points)
Replied 11 April 2023
There is no conditions prescribed under section 16 so ITC is not reversible on this very ground. The only thing is that you shall have to prove the movement and receipt of goods, even though e way bill is not in itself a conclusive proof. In the light of Supreme Court judgment recently in Karnataka VAT case the principles of which applies to GST as well you need to substantiate your claim if at all notice is received.
CA Mayank A Jain
(Chartered Accountant in Practice)
(1260 Points)
Replied 11 April 2023
Not required to. There is no such provision under the GST law.