Actual Case: Sanchita Kundu Vs Assistant Commissioner of State Tax (Calcutta High Court) A petition filed by a buyer who was denied the benefit of Input Tax Credit (ITC) by the responded GST concerned who stated that the supplier in consideration did not have a valid GST registration at the time of purchase. The buyer was, hence, charged with penalty and interest.
Source Taxguru
Latest Posts in "India"
- Traders Face Penalties for Not Passing GST Reductions to Customers, Warns Government
- CBIC Clarifies GST Implications on Secondary or Post-Sale Discounts for Businesses
- India Slashes GST on Drones to 5%, Boosting Domestic Manufacturing and Sectoral Growth
- GST Reforms 2025: Boosting Textiles, Apparel Affordability, and Logistics Efficiency in India
- GST Credit Notes: Use Original Invoice Rate for Returned Goods, Not Revised Rate
