Court Rules Unadjusted TDS Cannot Transition as Input Tax Credit; Refunds Allowed, Penalties Imposed for Irregularities.
Case-Laws
GST
Transitioning unutilized input tax credit under the Kerala Goods and Services Tax Act, 2017 – error in claiming input tax credit of unadjusted TDS. The High Court held that unadjusted TDS, being a component of output tax payable, cannot be transitioned as unutilized input tax credit. While the appellant had utilized Rs.37,24,463/- for paying output tax d
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