ITC claim against supplier gone into liquidation was to be adjudicated subject to deposit of 10% of disputed taxes

Tvl.Sri Renga Steels Vs Assistant Commissioner (ST) (Madras High Court)

Conclusion: Assessee was granted an opportunity to explain discrepancies in their GST returns, specifically related to excess claims of Input Tax Credit (ITC) from cancelled dealers, return defaulters, and tax non-payers as the supplier undergone liquidation subject to  deposit 10% of the disputed taxes as admitted by assessee and the respondent, within a period of four weeks from the date of receipt of a copy of this order.

Held: Assessee was a dealer in Iron and Stee

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