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GST - Highlights / Catch Notes

Home Highlights June 2020 Year 2020 This

Reversal of Input Tax Credit (ITC) - o deduction on account of ...

GST

June 30, 2020

Reversal of Input Tax Credit (ITC) - o deduction on account of liquidated damages from supplier’s dues - the Appellant was rightful in challenging the ruling pronounced by AAR in this regard, and accordingly, they are not required to reverse the ITC on account of the deduction of L.D. from the payment made to the suppliers.

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