ITC Denied Due to Supplier Default: How Buyer Defense Was Built – A Case Study in Innocent Purchaser Protection.
Few GST enforcement scenarios are as legally contentious, emotionally frustrating, and economically devastating as Input Tax Credit (ITC) denial based on supplier default-where tax authorities deny credit to legitimate buyers solely because their suppliers failed to pay taxes, didn’t file returns, are classified as suspicious, or are later discovered to be non-existent or fake. The […]
