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GST Input Tax Credit: An Avoidable Controversy
The underlying approach of allowing input credit as a facility is misplaced. It is a fundamental touchstone of GST.
05 Nov 2020, 08:19 PM IST
The onset of the goods and services tax, notwithstanding its tax-unification benefits and reformative impact, has been mired in controversies. Especially, the wide-ranging disputes in relation to input tax credit or ITC that could have been avoided in the interests of simplicity and mitigating litigation.
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