GST – Started By: – Prashanth Jadhav – Dated:- 20-2-2019 Last Replied Date:- 23-2-2019 – Dear Sirs/Madam,We had sold IT hardware and goods in the month of March 2018.The customer has held our GST amount and paid the base price of the product.Informing that I have to pass an Input Tax credit.Can the customer withhold the tax for such a long time.Or he should pay and then approach the National Anti profiteering Authority========================================I had submitted a query a few months ago and the members of the Forum were kind enough to reply.ID: Issue ID: 114184:We had received a Purchase Order for supply of IT Hardware goods in February 2017. With the delivery Date being 05/07/2017.The Purchase Order Had Expired after this date
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nder the GST regime for the whole chain (Supplier, Distributor and Importer)Please let us know if the customer is correct in his claim that it attracts anti profiteering clause.===================================================Warm regards, – Reply By KASTURI SETHI – The Reply = As per Section 9 (1) of CGST Act, 2017 it is statutory duty of taxable person to collect GST and deposit with Govt. Tax is Govt. exchequer and cannot be withheld beyond due date. 20th of the following month is the last date to deposit and make payment into Govt. account from electronic cash ledger or credit ledger. Thereafter, interest will be charged from the defaulter. Also read definition of Time of supply under Section 12 of CGST Act,2017. You are supplier so y
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