Greetings,
one of our client have declared taxable supplies in gstr 1 of 2017-18. Since gst was just introduced and without much awareness he not declared any taxable supplies in gstr 3B and did not set off the liabilities against Input tax credit. Now notice is received from department to pay whatever declared in GSTR 1 under section 73 of gst act. For good extent of output tax there is ITC available in gstr 2A of FY 2017-18 but it is not claimed in GSTR 3B of the FY. Now department is demanding full amount of Tax as declared in GSTR 1 with interest..... Any solutions...
First do the fy 2017-18 gst reconciliation and pay tax with interest. Now there is no option to defend for the fy 2017-18
CAclubindia
