https://www.taxtmi.com/article/detailed?id=14792 The article contends that under GST the economic reality of a transaction must control tax treatment: place of supply is determined by actual movement, billing and delivery; fake invoices without real supply cannot create tax consequences; and genuine Input Tax Credit should not be denied for technical filing errors where supply and tax payment are evident. It stresses that composite versus mixed supply classification depends on dominant economic character and urges administrative reforms to prioritize substance, prevent revenue-neutral denials, and reduce litigation. en-us Sat, 12 Jul 2025 08:41:30 +0530 Sat, 12 Jul 2025 08:41:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=14792 The article contends that under GST the economic reality of a transaction must control tax treatment: place of supply is determined by actual movement, billing and delivery; fake invoices without real supply cannot create tax consequences; and genuine Input Tax Credit should not be denied for technical filing errors where supply and tax payment are evident. It stresses that composite versus mixed supply classification depends on dominant economic character and urges administrative reforms to prioritize substance, prevent revenue-neutral denials, and reduce litigation. Articles Goods and Services Tax - GST Sat, 12 Jul 2025 08:41:30 +0530 https://www.taxtmi.com/article/detailed?id=14792