Supreme Court Upholds Section 16(2)(c) of the CGST Act

Can a Genuine Buyer Lose Input Tax Credit Because the Seller Defaulted? Supreme Court Upholds Section 16(2)(c) of the CGST Act, Reaffirms That ITC Is a Statutory Benefit Subject to Strict Conditions

In a landmark decision with far-reaching consequences for India’s indirect tax regime, the Supreme Court of India has upheld the…