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Payment Not Made to Supplier-What About ITC Already Availed
For availing the input tax credit in respect of goods or services received the conditions of section 16(2) of CGST Act 2017 has to be fulfilled. Thus once the conditions of section 16(2) are fulfilled the recipient of goods or services can lawfully claim the ITC subject to the condition that such ITC is not blocked under section 17(5) of CGST Act 2017. Sometime the situation arises that the recipient has availed the ITC in respect of the goods or services received by them..................... Read More