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    <title>Intimation of tax ascertained as being payable under Section 73(5)/74(5)</title>
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    <description>Notice alleges ineligible Input Tax Credit on commercial vehicles used for Goods Transport Agency services, triggering issues of ITC eligibility, mixed use apportionment, compliance with forward charge declaration formalities, and correctness of interest and penalty levies. The operative response is to verify factual use, collate purchase invoices and transport agreements, confirm submission of the prescribed declaration form for forward charge, request recalculation of interest, seek waiver or reduction of penalty if claimed in good faith, and request a personal hearing while considering tax counsel involvement.</description>
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      <title>Intimation of tax ascertained as being payable under Section 73(5)/74(5)</title>
      <link>https://www.taxtmi.com/forum/issue?id=119998</link>
      <description>Notice alleges ineligible Input Tax Credit on commercial vehicles used for Goods Transport Agency services, triggering issues of ITC eligibility, mixed use apportionment, compliance with forward charge declaration formalities, and correctness of interest and penalty levies. The operative response is to verify factual use, collate purchase invoices and transport agreements, confirm submission of the prescribed declaration form for forward charge, request recalculation of interest, seek waiver or reduction of penalty if claimed in good faith, and request a personal hearing while considering tax counsel involvement.</description>
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