GST UPDATE

????Desk of CA. Praveen Sharma Series-589????

Draft Reply Response to Notice for Reversal of Ineligible ITC under Section 17(5)(d) of CGST Act

?We, [Company Name], GSTIN [GSTIN Number], acknowledge the notice received on [Date] regarding the reversal of ineligible ITC under Section 17(5)(d) of the CGST Act. The notice mentions that we have claimed ITC for goods or services used in the construction of immovable property, which is blocked under the said provision.

?However, we wish to clarify that we are in the business of trading construction materials like cement, sand, and other raw materials. These items are not used for the construction of immovable property by us. The provision under Section 17(5)(d) pertains to ITC blocked for construction activities, which does not apply in our case as we are only supplying these goods.

?To support our claim, we are enclosing Annexure A with details of our inward and outward supply of goods. Therefore, there is no ineligible ITC for reversal.

?We request your kind consideration of our submission and the dropping of the proceedings. We are open to a personal hearing if required.

CA. Sharma Praveen

+91-9871530610