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Goods and Services Tax - Started By: - Arjun Gopalakrishna - Dated:- 18-5-2018 Last Replied Date:- 22-6-2018 - OF GST COLLECTED BY GOVERNMENT BODY ON FINES AND PENALTIES LEVIES FOR DELAY IN SUBMISSION OF FORMS.IS THERE ANY RESTRICTION FOR CLAIMING GS .....

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ance of business. - Reply By Arjun Gopalakrishna - The Reply = Sir we appreciate you view on this query. SEBI has levied penalty for delay in submission of quarterly forms. There is no restriction of under section 16, 17 ans 18 of the act. and furthe .....

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Please clarify This issue. Further, if it is not allowed under which provision of the act. - Reply By Alkesh Jani - The Reply = Sir, In the instant case, I support the views of Sh. Kasturiji Sir, The penalty for late submission of form is not forming .....

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r supply, is mentioned. Only payment of penalty cannot constitute supply. Merely, non-mentioning in Section 16, 17 and 18 of Act, does not gives you liberty of all Taxes as credit, other factors are required to be considered before arriving at any co .....

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assessee )by way of Adjudication Order, no ITC on that amount of penalty is admissible. In other words, such penalty is not to be treated in business or furtherance of business. The same analogy can be applied here. - Reply By Alkesh Jani - The Reply .....

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