Vendor GSTIN Inactive By Suo-Moto
Prabhat Pandey (210 Points)
13 March 20231. Is Vendor liable to file return
2. Is ITC Avaliable
Any case law Reference
Prabhat Pandey (210 Points)
13 March 2023
Elisa
(na)
(920 Points)
Replied 14 March 2023
If your vendor's GST registration was cancelled by suo moto in July 2017, they would not be required to file GST returns for the period after the cancellation date.
If you have claimed ITC for the invoices issued by the vendor after the cancellation of their GST registration, it is possible that the ITC claim could be disallowed by the tax authorities during assessment or audit. This is because the vendor was not registered at the time of supplying the goods or services, and hence, the invoice would not be a valid GST invoice.
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Course on Foreign Exchange Management Act (FEMA)(without recording)