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 ..... TRADE CIRCULAR No. JC (HQ)-1/GST/2018/CBIC Circular(s)/ADM-8 Mumbai dated 31 st Dec. 2018 Trade Circular (GST) No. 41T of 2018. To, . . Subject: Clarifications of issues under GST related to casual taxable person and recovery of excess Input Tax Credit distributed by an Input Service distributor. Sir / Gentl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... seeks information regarding the estimated net tax liability only and not the gross tax liability. It is accordingly clarified that the amount 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. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ranting 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 purpose of registration. 4. He can surrender such registration once the exhibition is over. 3. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he 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 MGST 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 provisions contained in se ..... X X X X Extracts X X X X X X X X Extracts X X X X
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