https://www.taxtmi.com/article/detailed?id=16838 Input tax credit under GST is examined in the setting of bona fide purchases from registered suppliers where the recipient has valid invoices, banking trail, and compliance with statutory conditions. The key principle is that ITC cannot be denied solely because the supplier failed to deposit the tax with the Government. The Department's remedy lies against the defaulting supplier, while the recipient may still be scrutinised if the transactions are shown to be non-bona fide or collusive. en-us Sat, 04 Jul 2026 08:18:16 +0530 Sat, 04 Jul 2026 08:18:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=16838 Input tax credit under GST is examined in the setting of bona fide purchases from registered suppliers where the recipient has valid invoices, banking trail, and compliance with statutory conditions. The key principle is that ITC cannot be denied solely because the supplier failed to deposit the tax with the Government. The Department's remedy lies against the defaulting supplier, while the recipient may still be scrutinised if the transactions are shown to be non-bona fide or collusive. Articles Goods and Services Tax - GST Sat, 04 Jul 2026 08:18:16 +0530 https://www.taxtmi.com/article/detailed?id=16838