ITC Cannot Be Denied in Bona Fide Transactions Despite Supplier’s Non-Payment of GST: Tripura HC

Malaya Rub-Tech Industries Vs Union of India (Tripura High Court) The petitioner, a partnership firm engaged in the rubber business across various parts of India including Tripura, was registered under the CGST Act, 2017 and SGST Act, 2017. For manufacturing finished products, it purchased input materials from respondent No.7 during the period 08.03.2018 to 30.11.2018. According to the petitioner, it paid the due taxes on such purchases and utilized the materials in the course of manufacture, thereby becoming entitled to Input Tax Credit (ITC). The petitioner claimed it was under a bona fide b...