https://www.taxtmi.com/article/detailed?id=11301 Section 16(2)(c) of the GST regime denies Input Tax Credit to buyers where suppliers default in filing returns or remitting tax; authorities are reversing ITC, and levying interest and penalties via assessments based on portal return mismatches. Multiple writ petitions challenge the provision's constitutional validity, contending the embargo can strip bona fide purchasers of credit obtained in good faith and that judicial resolution may constrain the provision's application and affect related ITC availability and compliance practices. en-us Tue, 11 Apr 2023 09:13:52 +0530 Tue, 11 Apr 2023 09:13:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11301 Section 16(2)(c) of the GST regime denies Input Tax Credit to buyers where suppliers default in filing returns or remitting tax; authorities are reversing ITC, and levying interest and penalties via assessments based on portal return mismatches. Multiple writ petitions challenge the provision's constitutional validity, contending the embargo can strip bona fide purchasers of credit obtained in good faith and that judicial resolution may constrain the provision's application and affect related ITC availability and compliance practices. Articles Goods and Services Tax - GST Tue, 11 Apr 2023 09:13:52 +0530 https://www.taxtmi.com/article/detailed?id=11301