Subject
Clarification on issues pertaining to registration as a casual taxable person & recovery of excess Input Tax Credit distributed by an Input Service distributor
Content
Representations have been received seeking clarification on certain issues under the GST laws. The same have been examined and the clarifications on the same are as below: Issue Clarification Whether the amount required to be deposited as advance tax while taking registration as a casual taxable person (CTP) should be 100% of the estimated gross tax liability or the estimated tax liability payable…