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Kartik Bansal

Latest Posts by Kartik Bansal

Availing ‘Input tax Credit not appearing in GSTR 2A’ and how to tackle the consequent litigations

October 27, 2021 20547 Views 1 comment Print

Since the inception of GST, input tax credit has been the biggest roadblock in order to ensure that GST has smoothen the business operations and has eased the compliance burden on the industry. Various amendments, reforms and clarifications have been issued on the said subject matter wherein major issues have been duly taken up and […]

Battle of levy of Interest on reversal of input tax credit wrongly availed

October 22, 2021 20481 Views 0 comment Print

Recently, many taxpayers have received notices from the GST authorities demanding interest on subsequent reversal of input tax credit (‘ITC’) wrongly availed by them. The said demands are generally pertaining to initial years of GST wherein the lawmakers and taxpayers, both were evolving to adopt the newly introduced statute. Due to the demands pertaining to […]

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