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Input tax credit in inverted tax structure: SC verdict may settle issue of refund

All eyes are on the Supreme Court as it is expected to pronounce judgment on Monday in the case of 14 petitions related to allowing Input Tax Credit (ITC) on input service in inverted tax structure under the Goods & Services Tax while computing refund. This ruling is critical for the industry, especially e-commerce companies, which are facing problems of blocked credit.



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