??Desk of CA. Praveen Sharma 666 Series (CAPS) Submission of Reply for Appeal – Input Tax Credit under Section 16(4)
CA. Praveen Sharma (Corporate Trainer)
Co-Founder @ The GST Mitra | Financial Modeling, Financial Analysis
Reference: Appeal No. __________ | Order No. __________ | Date of Order: __________
?We, M/s [Name], holding GSTIN [Insert GSTIN], hereby submit our reply regarding the disallowance of Input Tax Credit (ITC) under Section 16(4) of the CGST Act, 2017.
?We wish to highlight that Section 16(5) was amended via the Finance Act, 2023, notified through Notification No. [Insert] dated [Insert Date], providing relaxation on ITC claims that were earlier restricted by Section 16(4).
?In our case, while the ITC claim met all conditions except for the time limit under Section 16(4), the amendment now permits such claims, resolving the issue.
?Hence, we kindly request the Hon’ble Appellate Authority to allow the ITC claim and set aside the disallowance order issued under Form DRC-07 dated [Insert Date].
?Thanking you,
?Yours sincerely,
?[Authorized Signatory]
?M/s [Name]
?Date: __________
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CA. Praveen Sharma