https://www.taxtmi.com/article/detailed?id=7777 Availability of input tax credit should not be conditioned on payment to the supplier where tax liability is fixed by law independent of receipt. Contractual reductions or retentions in invoice value should lead only to proportionate adjustment of credit when the supplier's tax liability is reduced; reversals solely for delayed or withheld commercial payments are inappropriate. en-us Fri, 15 Dec 2017 08:33:49 +0530 Fri, 15 Dec 2017 08:33:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7777 Availability of input tax credit should not be conditioned on payment to the supplier where tax liability is fixed by law independent of receipt. Contractual reductions or retentions in invoice value should lead only to proportionate adjustment of credit when the supplier's tax liability is reduced; reversals solely for delayed or withheld commercial payments are inappropriate. Articles Goods and Services Tax - GST Fri, 15 Dec 2017 08:33:49 +0530 https://www.taxtmi.com/article/detailed?id=7777