GST: High Court Grants Interim Relief in ITC Recovery as Supplier Goes Bankrupt:

GST: High Court Grants Interim Relief in ITC Recovery as Supplier Goes Bankrupt The Gujarat High Court has provided temporary relief to a firm in a GST dispute. The petitioner, Aadinath Tradelink, argued that they cannot be held liable to reverse their Input Tax Credit (ITC) under Section 16(2)(c) of the GST Act because it was their supplier who went bankrupt under the Insolvency and Bankruptcy Code, 2016.

Also Read

GST: State Tax Officers cannot act as proper officers for Interstate Transits

After hearing the case, the court granted interim relief, saying that no coercive steps or action should be taken against them while the case is pending. The High Court has also issued notice to Revenue Department on the same.