TaxTMI 
TaxTMI 
I need help.i had take registration in exise on December 2014 .i had purchased a machine on march 2014.that means before 9 months of registration.but my c.a has done one fraud with me he gave me fraud ecknolegment.due to this exise make a penalty on me.but they are not giving me input of this machine.please guide me how can i take this input.and aslo help me how my penalty can waveoff.
Late fee due to fraud
28 Dec 2017 
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Input tax credit timeliness: late claims may be inadmissible but penalty waiver possible for absence of mala fide intent.
The taxpayer's delayed claim for input credit on a pre registration machine is barred if not taken within the one year period from the invoice date; the credit is therefore inadmissible after that statutory window. Relief against penalties may still be sought by appeal and tribunal proceedings, with potential waiver of penalty where absence of mala fide intention is demonstrated and documentary evidence shows the fraud was committed by another professional. (AI Summary)
The taxpayer's delayed claim for input credit on a pre registration machine is barred if not taken within the one year period from the invoice date; the credit is therefore inadmissible after that statutory window. Relief against penalties may still be sought by appeal and tribunal proceedings, with potential waiver of penalty where absence of mala fide intention is demonstrated and documentary evidence shows the fraud was committed by another professional. (AI Summary)