In the case that the Department rejects an Input Tax Credit (ITC), Section 16(4) of the CGST Act, 2017 may seem like a nightmare for the taxpayer. Until they receive tax letters from the authorities, taxpayers frequently fail to recognise the importance of this part. Different high courts have presented differing opinions in their rulings on this issue. ITC claims have been upheld by several high court verdicts, even in cases when return submissions are late. One such case is Jain Brothers v. Union of India (W.P.(T)No.191/2022). For your information, we have provided pertinent portions of Sections 16(2) and 16(4) of the CGST Act, 2017 in annexure a. https://saginfotech-ca-software.weebly.com/home/recent-hc-orders-demands-gst-section-16-4
","author_name":"Amit Gupta"}