Landmark Relief: SC Upholds ITC Benefit Despite Supplier’s Tax Default
Landmark Relief: SC Upholds ITC Benefit Despite Supplier’s Tax Default The Supreme Court of India dismissed the Revenue Department’s Special Leave Petition (SLP), effectively upholding the principle that a purchasing dealer cannot be denied Input Tax Credit (ITC) merely because the selling dealer failed to deposit the collected tax to the government exchequer. Key Points… Read More »