Recently the tax practitioners and taxpayers were shocked in GST by various kinds of notices such as Sec 16(4) restricting the ITC on late-filed returns, Sec 50(1) levying the interest on a gross basis, Rule 36(4) restricting the credit of Invoice not appearing in GSTR-2A. In this webinar, CA Ranjan Mehta brings you the legal background of these provisions and also how to reply to the authorities.
Questions asked during the session.
1.What should be done in cases where return filing date was extended till 31-03-2019 and return was filed before 31-03-2019 but after regular due date i.e. 20th of next month?
2. Hello Sir, let me know point of sale in case of Consutruction Service ? GST tax payment has to be paid at the time of Advance Received or when sales Agreement made?
3. With respect to 3B being return, will it really fair on part of department to block credit when past return i.e. March 2019 filed in November 2019 (considering 3B is given prospective effect so any return filed after October 2019, even for past return period, this provision will apply?
4. Sir, why have they been extending the due date of GSTR1 and 3B by one additional day? What is the significance of that?
5. Sir maine dec 2018 ki return file ki thi 31.10.2019 itc claim as per gstr 2a itc inadmissible itc ka notice aya hai to ky kare sir?
6. If there is no interest will be calculated from extended due date (govt gave amnesty to file returns for the period till sep 2018) or original due date?
7. Will there be any remedy for section 16(4)?
8. What reply should be given for advisory mails in respect of section 16(4) & 36(4)?
9. Whether interest is on gross or net liability....please clarify.
10. ITC interest demanded can we ask details of calculation from department?
11. What will be the effect of Rule 36(4) in Annual Return for FY 2019-20?
12. Sir, will the effect of ITC unclaimed and carried forward become NIL at the end of F.Y.? If not then will it result in loss of ITC to the Taxpayer?
