In a 28 October 2021 ruling, India’s Supreme Court held that an adjustment of input tax credit (ITC) for goods and services tax (GST) purposes owing to the nonavailability of Form GSTR-2A for the relevant period was not permissible. The court denied the taxpayer’s claim for a GST refund of INR 9.23 billion and held that the ITC must be claimed based on the books of account maintained by the taxpayer.
Source: Deloitte
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