SHARE THIS:
Search for Bona Fide Purchaser Cannot Escape ITC Reversal as GST Law Requires Actual Tax Deposit in the web..
![Google]( "Google")
Bona Fide Purchaser Cannot Escape ITC Reversal as GST Law Requires Actual Tax Deposit
The Hon’ble Gujarat High Court in Maruti Enterprise vs. Union of India upheld the constitutional validity of Section 16(2)(c) of the CGST Act and refused to read it down for bona fide purchasers. The Court held that actual payment of tax to the Government by the supplier is an intrinsic statutory condition for availing Input Tax Credit (ITC), and that the recipient bears the burden of proving eligibility under Section 155.
read more..
Search for Bona Fide Purchaser Cannot Escape ITC Reversal as GST Law Requires Actual Tax Deposit in the web..
Latest links
