Reversal of Input Tax Credit Set Aside as Retrospective Relaxation Under Section 16(5) Applies
Reversal of Input Tax Credit Set Aside as Retrospective Relaxation Under Section 16(5) Applies Issue Whether an order demanding reversal of Input Tax Credit (ITC) due to delayed filing of GSTR-3B returns for FY 2018-19 can be sustained after the retrospective insertion of Section 16(5) under the Finance (No. 2) Act, 2024. Facts Demand &… Read More »