https://www.taxtmi.com/article/detailed?id=12228 The Kerala High Court applied a standard of judicial restraint, holding that taxation provisions can be invalidated only if manifestly arbitrary-drastically unreasonable, capricious, irrational, or lacking an adequate determining principle-and concluded that Section 16(2)(c) of the CGST Act and Rule 36(4) do not meet that threshold. The court accordingly rejected the constitutional challenge to denial of Input Tax Credit based on reconciliation differences between supplier and recipient returns and sustained related interest, penalty and recovery consequences. en-us Thu, 18 Jan 2024 10:30:18 +0530 Thu, 18 Jan 2024 10:30:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12228 The Kerala High Court applied a standard of judicial restraint, holding that taxation provisions can be invalidated only if manifestly arbitrary-drastically unreasonable, capricious, irrational, or lacking an adequate determining principle-and concluded that Section 16(2)(c) of the CGST Act and Rule 36(4) do not meet that threshold. The court accordingly rejected the constitutional challenge to denial of Input Tax Credit based on reconciliation differences between supplier and recipient returns and sustained related interest, penalty and recovery consequences. Articles Goods and Services Tax - GST Thu, 18 Jan 2024 10:30:18 +0530 https://www.taxtmi.com/article/detailed?id=12228