One of the boiling issues that has arisen in the GST regime is whether credit can be denied in the hands of the buyer of goods and services for the fault of the supplier for non-payment of taxes even after collecting the tax amount from the buyer.
Relevant Provisions
Section 16 of CGST Act is one of the most important sections for the Input Tax Credit (ITC); it provides the ITC eligibility and conditions for smooth sailing of business. It is the first test for moving further in the direction of GST compliances.
Source Taxscan
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