| Question And Answer | |
|---|---|
| Subject: | SEC.16(4) AND 73 OF Gst Act |
| Category: | GST |
| Querist: | Manali |
| Answered by: | Reply of the Expert is awaited; |
| Tags: | GST Registration |
| Date: | November 18, 2022 |
Assessee is registered dealer under GST Act . Returns for the period august 2018 to March 2019 were filed late on 31.10.2019.
The last date of filing for it was 20.10.2019 as per sec 16(4). Assessee has received Notice u/sec. 16(4) asking him to pay the input credit availed in belated returns and also showcase as to why penalty U/Sec. 73 should not be levied for this default.
Assessee has given all information to his Tax consultant in time , however due to some reasons he could not filed the Returns in time.
<span;>Is there any remedy to regularise the Returns where by input credit will be available and penalty will not be levied.
Pl guide .
Reply of the Expert is awaited. Please check back later
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