ITC Reversal due to supplier default: Madras HC Allows Appeal With 50% Deposit

Nandanee Steel Corporation Vs Superintendent of GST and Central Excise (Madras High Court) The Madras High Court addressed a petition challenging Order-in-Original No. 15/2024-25 (GST), where the respondent confirmed a demand for reversal of input tax credit. The petitioner contended compliance with Section 16 of the GST Act, claiming entitlement to input tax credit; however, reversal was directed due to the supplier’s failure to make payment. The Court examined the impugned order, noting it was detailed, considered the petitioner’s submissions, and adhered to GST provisions. No procedural...