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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 ..... DATED: 22.11.2018 Subject: Clarifications of issues under GST related to casual taxable person and recovery of excess Input Tax Credit distributed by an Input Service distributor Representations have been received seeking clarification on certain issues under the GST laws. The same have been examined and the clarifications on the same are as below: S.No. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r considering the due eligible ITC which might be available to such taxable person. 2. As per section 27 of the West Bengal Goods and Services Tax Act, 2017 (hereinafter referred to as the said Act), period of operation by causal taxable person is ninety days with provision for extension of same by the proper officer for a further period not exceeding ninety d ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r 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 section 20 of the WBGST Act. 1. According to Section 21 of the WBGST Act where the ISD distributes the credit in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eral penalty under the provisions contained in section 122(1)(ix) of the WBGST Act. 2. Difficulty if any, in the implementation of this Trade Circular may be brought to the notice of the Commissioner. 3. This Trade Circular shall be deemed to have come into force from 26.10.2018. Sd/- (Smaraki Mahapatra) Commissioner, State Tax, West Bengal Memo. - 477 C ..... X X X X Extracts X X X X X X X X Extracts X X X X
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