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 ..... 16.11.2018 To, Special Commissioner Additional Commissioners/ Joint Commissioners/Deputy Commissioners/ Assistant Commissioner/State Tax Officers/ State Tax, Chhattisgarh (All) . Subject: Clarifications of issues under GST related to casual taxable person and recovery of excess Input Tax Credit distributed by an Input Service distribu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... estimated gross tax liability or the estimated tax liability payable in cash should be calculated after deducting the due eligible ITC which might be available to CTP? 1. It has been noted that while applying for registration as a casual taxable person, the FORM GST REG-1 (S. No.11) seeks information regarding the estimated net tax liability only and not the gross tax liability ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... more than 180 days). the taxable person cannot be treated as a CTP and thus such person would be required to obtain registration as a normal taxable person. 2. While applying for normal registration the said person should upload a copy of the allotment letter granting him permission to use the premises for the exhibition and the allotment letter/consent letter shall be treated as the proper ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... long with interest and penalty if any. 2. The recipient unit(s) who have received excess credit from ISD may deposit the said excess amount voluntarily alongwith interest if any by using FORM GST DRC-03. 3. If the 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 CG ..... X X X X Extracts X X X X X X X X Extracts X X X X
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