TaxTMI 
TaxTMI 
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
Composition scheme under section 10
09 Aug 2024 
4 Replies 
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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. (AI Summary)
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. (AI Summary)
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