https://www.taxtmi.com/article/detailed?id=12434 Whether Input Tax Credit (ITC) can be denied where bonafide errors in return filings occur and no revenue loss is shown. The Bombay High Court permitted rectification of FORM GSTR-1 for prior periods, relying on precedent that technicalities should not bar legitimate corrections where recipients did not avail credit and the exchequer suffered no prejudice, and noting the statutory permission for return rectification under the return-filing regime. en-us Tue, 19 Mar 2024 08:41:52 +0530 Tue, 19 Mar 2024 08:41:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12434 Whether Input Tax Credit (ITC) can be denied where bonafide errors in return filings occur and no revenue loss is shown. The Bombay High Court permitted rectification of FORM GSTR-1 for prior periods, relying on precedent that technicalities should not bar legitimate corrections where recipients did not avail credit and the exchequer suffered no prejudice, and noting the statutory permission for return rectification under the return-filing regime. Articles Goods and Services Tax - GST Tue, 19 Mar 2024 08:41:52 +0530 https://www.taxtmi.com/article/detailed?id=12434