Insights
A genuine buyer cannot be deprived of Input Tax Credit and instead recovery action should be taken against the defaulting supplier
The Explanation to Rule 89(4) cannot apply retrospectively
Stay granted for proceedings initiated post completion of GST audit, for same period
GST Alert – CGST & IGST Amendment Bills
SCN cannot be kept in abeyance and adjudicated beyond a reasonable time
A genuine buyer cannot be deprived of Input Tax Credit and instead recovery action should be taken against the defaulting supplier