Rajasthan HC Calls for Mechanism aligning Supplier’s Credit Note with ITC Reversal

Hindustan Unilever Limited Vs Union of India (Rajasthan High Court) In a recent development, the Rajasthan High Court has taken notice of a significant issue involving Hindustan Unilever Limited and the Union of India. The matter pertains to the absence of a proper mechanism for matching the credit notes issued by suppliers with the Input Tax Credit (ITC) reversal undertaken by the recipient. This article delves into the details of the case and the implications of this challenge. 1. Background: The petitioner, Hindustan Unilever Limited, has raised a concern regarding the lack of an effective ...