GST Latest

Press release regarding utilisation of ITC

press release
Print Friendly, PDF & Email

In a recent press release by the Central Board of Indirect Taxes and Customs (CBIC), it has been said that the CBIC is in the receipt of unconfirmed news that some GST officers are using unauthorised communication means such as phone calls, whatsapp and messages asking taxpayers to discharge ‘maximum tax liability’ in cash in order to ensure that targets for revenue collection from GST for the FY are met.

The CBIC has clarified that neither the Government nor the CBIC have issued any instructions to their field formations and the taxpayers are free to utilise the ITC available in their respective ledgers, as permissible in law, to discharge their GST dues for the month of March 2021.

 

Related posts

Notification No. 48/2018 dated 10.09.2018

Taxcharcha

Companies (Incorporation) Fourth Amendment Rules 2018

Taxcharcha

Roll out of E way bill in the states of Chhatisgarh, Goa, Jammu & Kashmir, Mizoram, Odisha, Punjab, Tamil Nadu and West Bengal

Taxcharcha

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

error: Content is protected !!