Live Help
Your Session Will Expire in   seconds.
If you do not wish to log-out, choose 'Let me continue'
Reset SessionCancel Session
 

Accumulated ITC lying unutilized in respect of notified goods, on account of inverted duty structure, shall not lapse

August 2, 2019[2019] 108 taxmann.com 15 (Gujarat)
703 Views

GST : There being no express provision in section 54(3) empowering Central Government to provide for lapsing of unutilised ITC, petitioners have a vested right to unutilised ITC accumulated on account of rate of tax on inputs being higher than rate of tax on output supplies (inverted rate structure)

read more

taxmann.com
Payment
Best view in 1140 x 768