Nexus Between Input Tax and Output Tax – Evolving Controversy Under GST

by | Aug 10, 2021 | Articles

NITYA Tax Associates is proud to present their recent write-up in the ‘Article’ series on trending Indirect Tax issues. A gist of the next article in the series is as under:

Article 70 – “Nexus Between Input Tax and Output Tax – Evolving Controversy Under GST”

Establishing nexus or connection between input tax and output tax is not envisaged under the GST, which makes it different from erstwhile Indirect Tax regime. ITC scheme under GST is based upon connect with business, and not confined to any particular manufactured product or outward service. The advance ruling in the case of Aristo Bullion has opened the doors for unwarranted litigations by completely misinterpreting the phrase ‘in the course or furtherance of business’.

Through this article, Our Associate Director, Mr. Gaurav Narula and Senior Associate, Mr. Raman Bansal have examined the phrase in detail and tried sharing their analysis.

Please click on the below link to read our latest article titled Nexus Between Input Tax and Output Tax – Evolving Controversy Under GST.

NITYA I Nexus Between Input Tax and Output Tax – Evolving Controversy Under GST I Indirect Tax I Article 70

 

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