ITC availed unknowingly

Bhargav Shiva (Student) (120 Points)

16 October 2017

Are there any consequences for availing credit without proper knowledge of Act but not wilfully or fraudulently???

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4 Replies

(Guest)

having knowladge is always better

just refer only some section of gst since if any mistake

then penalty and interest will impose and tax payer only have to

bare this

Bhargav Shiva (Student) (120 Points)
Replied 16 October 2017

sorry I didn't understand

Vinay Garg (Student cum businessman cum professional) (859 Points)
Replied 16 October 2017

You have to pay interest @ 24%

g mahesh Mundra (Business and tax consultant) (3296 Points)
Replied 16 October 2017

what kind input will you avail without bill

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