https://www.taxtmi.com/article/detailed?id=12365 The piece emphasises that entitlement to input tax credit depends on recipient compliance and the genuineness of suppliers; courts have required claimants to prove supplier existence, transaction authenticity and physical movement of goods, leading to ITC denial where suppliers or logistics could not be verified. To manage this risk, businesses should perform rigorous vendor due diligence, maintain robust documentation, implement internal controls and seek supplier indemnities or forensic audits to safeguard ITC claims. en-us Mon, 26 Feb 2024 18:02:27 +0530 Mon, 26 Feb 2024 18:02:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12365 The piece emphasises that entitlement to input tax credit depends on recipient compliance and the genuineness of suppliers; courts have required claimants to prove supplier existence, transaction authenticity and physical movement of goods, leading to ITC denial where suppliers or logistics could not be verified. To manage this risk, businesses should perform rigorous vendor due diligence, maintain robust documentation, implement internal controls and seek supplier indemnities or forensic audits to safeguard ITC claims. Articles Goods and Services Tax - GST Mon, 26 Feb 2024 18:02:27 +0530 https://www.taxtmi.com/article/detailed?id=12365