Bona Fide Purchaser Cannot Be Denied Input Tax Credit Solely for Supplier’s Failure to Remit Tax Issue Whether a registered purchasing dealer who acts in good faith, possesses valid tax invoices, and pays the full tax amount to a supplier via banking channels can be denied Input Tax Credit (ITC) under Section 16 because the… Read More »
Purchasing Dealer Cannot Be Punished with Input Tax Credit Denial Solely for Supplier Tax Deposit Default Issue Whether a purchasing dealer who has entered into a bona fide transaction, paid the tax component to the supplier, and received the goods can be legally denied Input Tax Credit (ITC) under Section 16 solely because the supplier… Read More »
Partners and Beneficiaries Behind Corporate Entities Face Penalty Liability Under Section 122(1A) of GST Act Issue Issue 1 (Beneficiary Liability of Partners): Whether a penalty under Section 122(1A) of the CGST/SGST Act can be legally imposed on individual partners of a firm, or if penalty actions for tax evasion are limited strictly to the “taxable… Read More »