ITC Denial Set Aside Due to Lack of Proof of Collusion with Cancelled Suppliers: Calcutta HC

Sanchita Kundu & Anr. Vs Assistant Commissioner of State Tax (Calcutta High Court) In this case before the Calcutta High Court, the petitioners challenged orders denying Input Tax Credit (ITC) on purchases made from suppliers whose GST registrations were later cancelled retrospectively. The authorities had also imposed penalty and interest on the petitioners and initiated recovery proceedings under the relevant provisions of the GST Act. The petitioners contended that the transactions were genuine and supported by all required documents. They argued that they had exercised due diligence by...