9911796707
TMI BlogDifferntial ratesX X X X Extracts X X X X X X X X Extracts X X X X ..... Differntial rates X X X X Extracts X X X X X X X X Extracts X X X X ..... time of sale under GST of the finished goods stocks , as that can never be adjusted if I carry forward the input even indefinately. Arun Reply By MARIAPPAN GOVINDARAJAN: The Reply: Section 54(3) of CGST Act, 2017 provides that subject to the provisions of section 54(10) a registered person may refund of any unutilized input tax credit at the end of any tax period. Section 54(10) provides that w ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... here any refund is due under section 54(3) to a registered person who has defaulted in furnishing any return or who is required to pay any tax, interest or penalty, which has not been stayed by any Court, Tribunal or Appellate Authority by the specified date, the proper oficer may withheld payment of refund. You may claim refund subject to Section 54(10). The excess credit cannot be adjusted agai ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nst the future payments.
Reply By arun aggarwal:
The Reply:
Sir
Anything like anti profiting law applicable here?
Reply By Himansu Sha:
The Reply:
Contention of Govindrajan sir will be helpful to you.
Reply By MARIAPPAN GOVINDARAJAN:
The Reply:
The details of anti-profiteering has not yet come. X X X X Extracts X X X X X X X X Extracts X X X X
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