GST Impact on Financial Statements — Seminar Tool 1
URD ASMT Notices · GSTR 2A/2B vs 3B Court Analysis · Sales & Expense FS Checklists
TOOL 1 OF 3

Legal Reality — Sec 9(4) RCM on URD Purchases

RCM on general URD purchases was suspended via Notification 38/2017-CT(R) w.e.f. 13.10.2017 and has never been revived. Yet ASMT-10 notices continue because the GSTN automated engine flags any purchase not in GSTR-2B without filtering for URD category.

Sec 9(4)
Suspended since Oct 2017
Notfn 38/2017
Primary defence notification
ASMT-11
Reply within 30 days
Why ASMT Notices Are Still Being Raised (Practical Reasons)

Systemic Automated Engine Flag

GSTN risk engine flags purchases not in GSTR-2B without checking URD category. No officer discretion — fully automated. System does not distinguish Sec 9(3) notified vs ordinary URD purchases.

Officer Error Mechanical Comparison

Officers compare purchase ledger in GSTR-9/3CD with GSTR-3B without verifying RCM applicability. Treating all unmatched purchases as taxable supply — legally incorrect for URDs.

Confusion Sec 9(3) vs Sec 9(4) Mix-up

Officers confuse URD general supply (9(4) — suspended) with specific notified categories (9(3) — always applicable: GTA, legal services, import of services). Result: wrong demand.

Data GSTR-9 Table 8H Trigger

Annual return Table 8H reports "Supplies from unregistered persons" which automatically populates scrutiny dashboards triggering ASMT notices even for fully suspended categories.

Reply Strategy — ASMT-11 Key Points

Statutory Defence Points

  • Cite Notification 38/2017-CT(R) dated 13.10.2017 — RCM suspended
  • Sec 9(4) not re-operationalised for general URD purchases
  • Only Sec 9(3) notified categories attract RCM — separately discharged
  • Engine-generated notice without officer application of mind

FS Provisioning Impact at Year-End

  • Notice pending at year-end: Contingent liability note (Ind AS 37)
  • DRC-07 confirmed demand: Recognise provision for taxes
  • Interest u/s 50 at 18% p.a. — estimate and disclose
  • Deferred tax impact if demand classified as probable

AI Tool Application: Auto-classify each URD purchase as Sec 9(3) notified vs ordinary URD → auto-draft ASMT-11 citing Notification 38/2017 → auto-calculate contingent liability for FS notes.

Judicial Trend: Strongly and Consistently Pro-Assessee

From Supreme Court to multiple High Courts: ITC cannot be denied solely on GSTR-2A/2B mismatch if valid tax invoice exists and goods/services were received. Burden shifts to the defaulting supplier — not the buyer.

SC 2023
Suncraft Energy — SLP dismissed
Circ. 183
CBIC mandatory procedure
5+ HCs
Consistent pro-assessee view
Landmark Judgments with Analysis

Suncraft Energy Pvt Ltd — SC (Dec 2023) Strongest Precedent

SC dismissed Revenue's SLP. ITC cannot be denied if recovery from supplier is still possible. Buyer is a bona fide purchaser. GSTR-2A is facilitative only — not conclusive for ITC eligibility.

Union of India vs Bharti Airtel — SC (Dec 2021) GSTR-2A Not Binding

ITC availed on basis of books on self-assessment basis. GSTR-2A is a portal facilitation tool. Return filing is assessee's independent obligation under Sec 59 — not portal-dependent.

Karnataka HC — Abhimaani Structures (Nov 2025) Very Recent

ITC reversal set aside — adjudicating authority failed to follow mandatory Circular 183/15/2022 procedure. Officers cannot pass mismatch orders without first following this circular.

Madras HC — Oasys Cybernetics (Apr 2024) Tamil Nadu Relevant

ITC not rejectable merely because credit note not in GSTR-1. CA Certificate rejection without reasons = bad in law. Documents + certificate = sufficient to prove ITC eligibility.

Period-wise Legal Framework — Critical for Defence
PeriodITC Matching RuleLegal PositionDefence
FY 2017-18 & 2018-19No matching rule applicableCircular 183 covers this periodFull ITC if Sec 16(2) met
Oct 2019 – Jan 2022Rule 36(4): 5% buffer over 2AOnly excess over buffer at riskBuffer available as shield
Jan 2022 onwardsRule 36(4): 100% GSTR-2B matchStrict 2B linkage enforcedCareful reconciliation needed

FS Year-End Provisioning from Litigation Analysis

Sales FS Checklist — Completion0/0 checked
Expenses FS Checklist — Completion0/0 checked