9911796707
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 ..... Commissioner Additional Commissioners/ Joint Commissioners/Deputy Commissioners/ Assistant Commissioner/State Tax Officers/ State Tax, Chhattisgarh (All) …………………………………………. Subject: Clarifications of issues under GST related to casual taxable person and recovery of excess Input ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... imated tax liability payable in cash should be calculated after deducting the due eligible ITC which might be available to CTP? 1. It has been noted that while applying for registration as a casual taxable person, the FORM GST REG-1 (S. No.11) seeks information regarding the "estimated net tax liability" only and not the gross tax liability. 2. It is accordingly clarified that the amount of adva ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tain registration as a normal taxable person. 2. While applying for normal registration the said person should upload a copy of the allotment letter granting him permission to use the premises for the exhibition and the allotment letter/consent letter shall be treated as the proper document as a proof for his place of business. 3. In such cases he would not be required to pay advance tax for the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y by using FORM GST DRC-03. 3. If the said recipient unit(s) does not come forward voluntarily. Necessary proceedings may be initiated against the said unit(s) under the provisions of section 73 or 74 of the CGGST Act as the case may be. FORM GST DRC-07 can be 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 pr ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
