After completion of close to 3 years of implementation of GST regime, a feeling persists in the minds of taxpayers that Government has failed to recognize the substantive character of ITC by providing numerous conditions to be followed for claiming the same. In tandem to these conditions, fact that the prevailing IT infrastructure has not introduced various functionalities as initially envisaged under GST (basis which some of the above conditions were introduced) has added to the woes of taxpayers, making fulfilment of some of these conditions impossible.

Through this article, our Partner, Mr. Deepak Suneja and Associate, Ms. Raarah Gurjar have attempted to highlight some of the conditions which will be prone to non-compliance as well as litigation in future.

Please click on the below link to read our article titled “Input Tax Credit under GST – A right or a burden?“ on the issue.

Input Tax Credit under GST – A right or a burden