Taxpayer's mistaken claim of ITC rectified in revised return; High Court orders fresh hearing.

Taxpayer's mistaken claim of ITC rectified in revised return; High Court orders fresh hearing. https://www.taxtmi.com/highlights?id=81653 The petitioner wrongfully availed input tax credit while filing GSTR-3B for 2017-18. However, the petitioner, being an honest taxpayer, noticed the mistake and rectified it by filing a revised return in August 2018, reversing the wrongly claimed input tax credit. Section 39(9) of the CGST/SGST Acts allows rectification of returns before November 30 of the following financial year. The High Court set aside the order and remitted the matter for fresh consideration by the respondent after providing an opportunity of hearing to the petitioner. en-us Tue, 24 Sep 2024 09:05:38 +0530 Tue, 24 Sep 2024 09:05:38 +0530 TaxTMI RSS Generator Taxpayer's mistaken claim of ITC rectified in revised return; High Court orders fresh hearing. https://www.taxtmi.com/highlights?id=81653 The petitioner wrongfully availed input tax credit while filing GSTR-3B for 2017-18. However, the petitioner, being an honest taxpayer, noticed the mistake and rectified it by filing a revised return in August 2018, reversing the wrongly claimed input tax credit. Section 39(9) of the CGST/SGST Acts allows rectification of returns before November 30 of the following financial year. The High Court set aside the order and remitted the matter for fresh consideration by the respondent after providing an opportunity of hearing to the petitioner. Highlights GST Tue, 24 Sep 2024 09:05:38 +0530 https://www.taxtmi.com/highlights?id=81653