Ministry of Finance
Taxpayers are free to utilise Input Tax Credit available in their credit ledger as permissible by law to discharge their GST due for March month
Posted On: 21 MAR 2021
Unconfirmed reports have appeared in certain sections of the media that some GST officers are using unauthorised communication means such as phone calls, WhatsApp and messages asking taxpayers to discharge ‘maximum tax liability’ in ‘cash’ in order to ensure that targets for revenue collection from GST for the financial year are met.
It is to clarify that neither the Government nor the Central Board of Indirect Taxes and Customs (CBIC) have issued any such instructions to their field formations. As such, taxpayers are free to utilise the Input Tax Credit available in their credit ledger, as permissible in law, to discharge their GST dues for the month of March, 2021 – the last month of this financial year.
Cenvat tax penalty and intrest can I’ve pay from electronic credit ledger
Please reply
at rhe time of migration imissed toupload the goods in
in the application can i upload the materials
in the amendment core is there any penalty
regards jayaraman
so in short we can utilize itc over purchase of car and other vehicles , capital goods etc .. ohh what a great oppertunity
While filing GSTR 3B which ITC to be considered as per GSTR 2A or GSTR 2B autopopulated in GSTR 3B.
Thank You !
As per latest tweet by CBIT Taxpayer have to take ITC as per GSTR2B , But Taxpayer should reconcile ITC of 2B with Books of Accounts and self assessment of ITC (allowed and disallowed ITC as per Rule).