ITC cannot be Rejected Solely on Supplier’s retrospective GST Registration Cancellation

Engineering Tools Corporation Vs Assistant Commissioner (ST) (Madras High Court) Introduction: The rejection of Input Tax Credit (ITC) solely based on the retrospective cancellation of a supplier’s GST registration is a significant issue in taxation law. The case of Engineering Tools Corporation vs. Assistant Commissioner (ST) highlights the legal intricacies and implications associated with such rejections. Background: The petitioner, Engineering Tools Corporation, contested an assessment order wherein their claimed ITC was reversed due to the cancellation of their supplier’s GST ...