https://www.taxtmi.com/highlights?id=74413 Input Tax Credit - sale and buyback transactions - payment is settled through book adjustments against the debt - mutual debt settlement through book adjustments is a recognized and valid mode of payment under the GST Act. Therefore, claiming input tax credit cannot be denied solely on the grounds that consideration for the goods is paid through book adjustment. - AAR en-us Sat, 27 Jan 2024 10:51:38 +0530 Sat, 27 Jan 2024 10:51:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=74413 Input Tax Credit - sale and buyback transactions - payment is settled through book adjustments against the debt - mutual debt settlement through book adjustments is a recognized and valid mode of payment under the GST Act. Therefore, claiming input tax credit cannot be denied solely on the grounds that consideration for the goods is paid through book adjustment. - AAR Highlights GST Sat, 27 Jan 2024 10:51:38 +0530 https://www.taxtmi.com/highlights?id=74413