Clarifications of issues under GST related to casual taxable person and recovery of excess Input Tax Credit distributed by an Input Service distributor

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..... Jammu, the 14 November, 2018 Circular No.04 Dated: 14-11-2018 Subject: Clarifications of issues under GST related to casual taxable person and recovery of excess Input Tax Credit distributed by an Input Service distributor Reg. Representations have been received seeking clarification on certain issues under the GST laws. The same have been .....

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..... ch 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 Jammu and Kashmir Goods and Services Tax Act, 2017(hereinafter referred to as the said Act), period of operation by causal taxable person is ninet .....

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..... h 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 section 20 of the .....

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..... y 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 JKGST Act. (M. Raju) IAS Commissioner State Tax, J K - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementindia - taxmanagement - t .....

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