TMI BlogInput Tax Credit (ITC) claim - Non-payment to suppliers exceeding 180 days - Despite the petitioner's...Input Tax Credit (ITC) claim - Non-payment to suppliers exceeding 180 days - Despite the petitioner's response and submission of supporting documents, including a Chartered Accountant's certificate, the assessing authority based its decision on the total trade payables of the petitioner without considering the specific payables related to Tamil Nadu. The court noted that companies are not required to file state-specific financial statements under the Companies Act, 2013. The petitioner agreed to..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
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