Can ITC Be Claimed By The Purchaser If Seller Has Not Paid The Tax Due To The Government?
Claiming the right amount of Input Tax as credit is an essential aspect of the Goods and Service Tax regime. In simple words, Input Tax Credit (ITC) reduces the tax paid on inputs from the tax to be paid on output. Section 16 of the CGST Act, 2017 expressly lists the various conditions applicable for … Read moreCan ITC Be Claimed By The Purchaser If Seller Has Not Paid The Tax Due To The Government?