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reversal of input tax credit

Reversal Of Input Tax Credit under GST Act 2017: A Comprehensive Analysis

26 September 202326 September 2023 by Adv Aditya Narayan
reversal of itc

Introduction Input Tax Credit (ITC) is a tax benefit that allows you to offset the tax you’ve paid on your purchases (inputs) against the tax you need to pay on your sales (outputs). Essentially, if you’re a GST registered manufacturer, …

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  • Significant Tax Decisions and Legal Precedents – November 2025
  • Disallowance of director’s remuneration based on retracted uncorroborated statement and revenue neutrality was unsustainable: ITAT Delhi
  • Reassessment Quashed for Borrowed Satisfaction in Absence of Live Link with Assessee’s Transactions
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