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Taxpayers who have had their Input Tax Credit (ITC) disallowed under Section 16(4) of the CGST Act, 2017 may find the situation overwhelming. However, recent high court judgements have cast light on the issue, emphasising the importance of compliance. High court decisions, such as Jain Brothers versus Union of India (W.P.(T)No.191/2022), sustain ITC notwithstanding late submission of returns. Read more: https://saginfotech-ca-software.weebly.com/home/recent-hc-orders-demands-gst-section-16-4
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