Hosted on MSN22d
Vedanta Hit With ₹141.36 Crore GST Penalty Over Ineligible ITC Claims; Plans Legal Challenge
Global mining conglomerate Vedanta Ltd was hit with Goods and Services Tax (GST) penalties of Rs 141.36 crore for alleged ineligible Input Tax Credit (ITC) availment on Saturday.
Tax Guru11d
P&H HC Stays Coercive Action on ITC Issue of supplier’s tax default
Please note Section 16 (2) (c) of the CGST Act, 2017, which governs ITC eligibility, has become a major source of contention, particularly concerning supplier defaults. This section stipulates that ...