Clarifications of issues under GST related to casual taxable person and recovery of excess Input Tax Credit distributed by an Input Service distributor.
09\/2018-19 Dated:- 29-10-2018 Karnataka SGST
GST – States
Government of Karnataka
\n(Department of Commercial Taxes)
\nNo. KSA\/GST\/CR-108\/2017-18
\nOffice of the Commissioner of Commercial Taxes
\nVanijya Terige Karyalaya, Gandhinagar,
\nBengaluru-560009, Dated: 29-10-2018
\nCOMMISSIONER OF COMMERCIAL TAXES CIRCULAR No. (GST) 09\/2018-19
\nSubiect: Clarifications of issues under GST related to casual taxable person and recovery of excess Input Tax Credit distributed by an Input Service distributor – Reg.
\nRepresentations have been received seeking clarification on certain issues under the<\/p>\n
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Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n ed to deposit while obtaining registration should be calculated after considering the due eligible ITC which might be available to such taxable person. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n he KGST Act where the ISD distributes the credit in contravention of the provisions contained in section 20 of the KGST Act resulting in excess distribution of credit to one or more recipients of credit, the excess credit so distributed shall be recovered from such recipients along with interest and penalty if any. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" Clarifications of issues under GST related to casual taxable person and recovery of excess Input Tax Credit distributed by an Input Service distributor.09\/2018-19 Dated:- 29-10-2018 Karnataka SGSTGST – StatesGovernment of Karnataka (Department of Commercial Taxes) No. KSA\/GST\/CR-108\/2017-18 Office of the Commissioner of Commercial Taxes Vanijya Terige Karyalaya, Gandhinagar, Bengaluru-560009, Dated: 29-10-2018 COMMISSIONER OF COMMERCIAL TAXES … Continue reading “Clarifications of issues under GST related to casual taxable person and recovery of excess Input Tax Credit distributed by an Input Service distributor.”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-14768","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/14768","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14768"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/14768\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14768"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14768"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14768"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\n2.
\nAs per section 27 of the Karnataka Goods and Services Tax Act, 2017 (hereinafter referred to as the 'KGST Act'), period of operation by causal taxable person is ninety days with provision for extension of same by the proper officer for a further period not exceeding ninety days. Various representations have been received for further extension of the said period beyond the period of 180 days, as mandated in law.
\n1. It is clarified that in case of long running exhibitions (for a period more than 180 days), the taxable person cannot be treated as a CTP and thus such person would be requir<\/p>\n
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\n2. The recipient unit(s) who have received excess credit from ISD may deposit the said excess amount voluntarily along with interest if any by using FORM GST DRC-03.
\n3. If the said recipient unit(s) does not come forward voluntarily, necessary proceedings may be initiated against the said unit(s) under the provisions of section 73 or 74 of the KGST Act as the case may be. FORM GST DRC-07 can be used by the tax authorities in su<\/p>\n
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