https://www.taxtmi.com/article/detailed?id=9142 A central dispute is whether ITC must be reversed for late filing. One position holds that Section 16(2)'s four conditions, prefaced by a notwithstanding clause, exhaust statutory eligibility so that belatedly furnished or rectified returns still permit ITC from the date of purchase and rules cannot add conditions. The contrary position treats legislatively prescribed time limits and related provisions as substantive eligibility conditions that can bar later claims of ITC, making reversal proper where temporal requirements are not met. en-us Sat, 02 May 2020 06:30:57 +0530 Sat, 02 May 2020 06:30:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9142 A central dispute is whether ITC must be reversed for late filing. One position holds that Section 16(2)'s four conditions, prefaced by a notwithstanding clause, exhaust statutory eligibility so that belatedly furnished or rectified returns still permit ITC from the date of purchase and rules cannot add conditions. The contrary position treats legislatively prescribed time limits and related provisions as substantive eligibility conditions that can bar later claims of ITC, making reversal proper where temporal requirements are not met. Articles Goods and Services Tax - GST Sat, 02 May 2020 06:30:57 +0530 https://www.taxtmi.com/article/detailed?id=9142