https://www.taxtmi.com/forum/issue?id=117342 A recipient who claimed ITC may be required to reverse credit if the supplier has not deposited the corresponding tax; the claimant bears the burden of proof and authorities can demand information and pursue recovery from the supplier, while voluntary reversal with interest and proof of supplier regularisation can mitigate penalties. en-us Fri, 09 Jul 2021 06:16:42 +0530 Thu, 23 Jan 2025 15:54:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=117342 A recipient who claimed ITC may be required to reverse credit if the supplier has not deposited the corresponding tax; the claimant bears the burden of proof and authorities can demand information and pursue recovery from the supplier, while voluntary reversal with interest and proof of supplier regularisation can mitigate penalties. Discussion-Forum GST Fri, 09 Jul 2021 06:16:42 +0530 https://www.taxtmi.com/forum/issue?id=117342