Composition scheme under section 10

[gunda ashok kumar]

Sir In continuation of my query I would like to submit that due non submission of option coming out from composition the authority has levied GST 12% and 18% for the years 2018-19 to 2019-20 on outward supply of taxable value but denied ITC. In instant case kindly clarify whether the client eligible ITC for the disputed period as per Rule 6

[Shilpi Jain]

In this case has the time limit u/s 16(4)CGST Act has lapsed. Credit seems doubtful.

[KASTURI SETHI]

Tax must have been demanded under Section 74. Pl. confirm.

[gunda ashok kumar]

Sir/Madam/

As per latest amendment 16(4) time limit available upto November 2021 and our clients plea prior to November 2021 whether ITC eligible on inward supply Pl clarify

ashok kumar g

[Padmanathan KV]

Dear Gunda Ashok Kumar sir,

Has your client claimed ITC before Nov 21?

AI Summary

Input tax credit eligibility after composition scheme opt-out under GST; time-bar and amendment may determine claim viability. Non-submission of the composition option caused authorities to treat outward supplies as taxable and deny input tax credit; the central question is whether ITC on inward supplies is claimable under the ITC rule given potential lapse of the limitation period, the possibility that tax was demanded through formal assessment procedures, and a later amendment extending the time limit which may affect eligibility if credits were claimed before that extension.