https://www.taxtmi.com/article/detailed?id=17133 Input Tax Credit under Section 16(2)(c) of the CGST Act is discussed as conditional upon actual remittance to the Government of tax charged on the underlying supply. The article addresses denial or reversal of credit where a recipient has complied with invoice, receipt, payment, and reporting requirements but the supplier defaults in depositing tax. It describes ITC as a statutory concession tied to supplier compliance, while noting a mechanism for re-availment after payment by the supplier. The discussion identifies vendor due diligence, reconciliation, compliance monitoring, and contractual safeguards as measures to manage resulting credit risk. en-us Sat, 08 Aug 2026 08:33:24 +0530 Sat, 08 Aug 2026 08:33:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=17133 Input Tax Credit under Section 16(2)(c) of the CGST Act is discussed as conditional upon actual remittance to the Government of tax charged on the underlying supply. The article addresses denial or reversal of credit where a recipient has complied with invoice, receipt, payment, and reporting requirements but the supplier defaults in depositing tax. It describes ITC as a statutory concession tied to supplier compliance, while noting a mechanism for re-availment after payment by the supplier. The discussion identifies vendor due diligence, reconciliation, compliance monitoring, and contractual safeguards as measures to manage resulting credit risk. Articles Goods and Services Tax - GST Sat, 08 Aug 2026 08:33:24 +0530 https://www.taxtmi.com/article/detailed?id=17133