1. The new judicial position: ITC is not secured by invoice aloneInput tax credit is the backbone of GST. It allows tax paid on inward supplies to be adjusted against outward tax liability and thereby prevents cascading of taxes. For a business, ITC is not a mere compliance item; it affects pricing, liquidity, working...
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GST
Inverted Duty Refunds Under GST: Why Circulars Cannot Narrow Section 54(3)(ii)
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