CA-relevant updates on income tax, GST, ICAI and SEBI — curated for Chartered Accountants in Pune & Maharashtra, with coverage of Bombay HC and ITAT Mumbai/Pune judgments.
The article explains how buyers can lose Input Tax Credit even after paying suppliers on time if the supplier fails to deposit GST with the Government. The post Section 16(2)(c) and 180 Day Rule: How GST Makes Genuine Buyers Pay Twice appeared first on TaxGuru.
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