Demand and Equal Penalty under Section 74 Set Aside as ITC Purchases Were Genuine and 180-Day Non-Payment Was Duly Reversed
Demand and Equal Penalty under Section 74 Set Aside as ITC Purchases Were Genuine and 180-Day Non-Payment Was Duly Reversed Issue Whether an ITC demand and equal penalty under Section 74 can be sustained against a recipient based on a subsequent negative report on the supplier, without proving fraud, collusion, or lack of actual receipt… Read More »