ITC denial
This is internal finance ministry communication. Does this mean ITC is being denied to meet targets? more
Viewed by 1739
fake or wrong ITC claims is know scam going around since some time, so efforts to curb that is welcome step. every coin has two sides and if there is any wrong steps in implementation it can be corrected. we should allow genuine efforts to curb malpractices and co-operate more
Jan 23
I agree with Mukul - in case there is suspicion of wrong doing only this can be invoked and the assesse has every right to represent himself for getting it revoked more
Jan 23
While stringent measures are necessary to curb ITC malpractices, the moot point for blocking ITC viz. satisfaction of a Commissioner or an officer designated by him of few laid down parameters in law, is devoid of any natural justice since there is no mechanism for the intended assessee to put forth his case before such officer and thus unilateral biased application of the law cannot be ruled out. more
Jan 23
This is official communication and is already known in the GST circles. This is to tackle fake ITC scam. more
Jan 23
