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TMI BlogClarifications of issues under GST related to casual taxable person and recovery of excess Input Tax Credit distributed by an Input Service distributor.X X X X Extracts X X X X X X X X Extracts X X X X ..... yalaya, Gandhinagar, Bengaluru-560009, Dated: 29-10-2018 COMMISSIONER OF COMMERCIAL TAXES CIRCULAR No. (GST) 09/2018-19 Subiect: Clarifications of issues under GST related to casual taxable person and recovery of excess Input Tax Credit distributed by an Input Service distributor - Reg. Representations have been received seeking clarification on certain issues under the GST law ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t of advance tax which a casual taxable person is required to deposit while obtaining registration should be calculated after considering the due eligible ITC which might be available to such taxable person. 2. As per section 27 of the Karnataka Goods and Services Tax Act, 2017 (hereinafter referred to as the KGST Act ), period of operation by causal taxable ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 3. In such cases he would not be required to pay advance tax for the purpose of registration. 4. He can surrender such registration once the exhibition is over. 3. Representations have been received regarding the manner of recovery of excess credit distributed by an Input Service Distributor (ISD) in contravention of the provisions contained in sec ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e used by the tax authorities in such cases. 4. It is further clarified that the ISD would also be liable to a general penalty under the provisions contained in section 122 (1) (ix) of the KGST Act. 2. It is informed to all concerned that the above instructions shall be followed scrupulously. (SRIKAR M.S.) Commissioner of Commercial Taxes (Karnataka) Bengaluru ..... X X X X Extracts X X X X X X X X Extracts X X X X
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