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 ..... 18. 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. No. CT/GST-15/2017/197.- Representations have been received seeking clarification on certain issues under the GST laws. The same have been examined and the clarifications on the same are as below: ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... should be calculated after considering the due eligible ITC which might be available to such taxable person. 2. As per section 27 of the Assam Goods and Services Tax Act, 2017 (hereinafter referred to as the said Act ), period of operation by causal taxable person is ninety days with provision for extension of same by the proper officer for a further period ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 Assam GST Act. 1. According to Section 21 of the Assam GST Act where the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t the ISD would also be liable to a general penalty under the provisions contained in section 122(1)(ix) of the Assam GST Act. 2. This Circular is clarificatory in nature and not meant for any interpretation of provisions of the Act and rules. 3. Difficulties, if any, in implementation of the above instructions may be brought to the notice of the Commissioner at an early date. ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
