https://www.taxtmi.com/article/detailed?id=12609 The court upheld notifications and statutory provisions authorising the Reverse Charge Mechanism for recovery agent services to NBFCs, confirming recipient liability and the consequent denial of Input Tax Credit to recovery agents because they lack output tax liability against which to set off input taxes; the classification was held to be a rational legislative choice consistent with Article 14 principles and within delegated authority under the Finance Act and GST statutes. en-us Wed, 15 May 2024 14:40:08 +0530 Wed, 15 May 2024 14:40:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12609 The court upheld notifications and statutory provisions authorising the Reverse Charge Mechanism for recovery agent services to NBFCs, confirming recipient liability and the consequent denial of Input Tax Credit to recovery agents because they lack output tax liability against which to set off input taxes; the classification was held to be a rational legislative choice consistent with Article 14 principles and within delegated authority under the Finance Act and GST statutes. Articles Goods and Services Tax - GST Wed, 15 May 2024 14:40:08 +0530 https://www.taxtmi.com/article/detailed?id=12609