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section 17(5)(i)

Sunish (Freelance) (168 Points)

10 June 2018

this blocked credit relates to tax paid under sec74,129and 130

the query is - are they referring to the tax paid by the supplier or receipient of supply?

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5 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177227 Points)
Replied 10 June 2018

Supply receiver who had paid the tax on the supplies, eventually affected by these events.......

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Pankaj Rawat (GST Practitioner) (55047 Points)
Replied 10 June 2018

As per Section 74 : Both SUPPLIER (Where it appears to the proper officer that any tax has not been paid or short paid) & RECEPIENT(where input tax credit has been wrongly availed or utilised by reason of fraud, or any willful-misstatement or suppression of facts to evade tax,)

As per Section 129 & 130: SUPPLIER

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Sunish (Freelance) (168 Points)
Replied 10 June 2018

In case supplier pays the tax u/s 74,129 or 130, where is the question of ITC for the receipient , nothing has gone out of the receipient's pocket in the first place in order to avail credit later?