ITC disallowance on non-motor insurance under s.17(5) CGST Act quashed due to factual misclassification of policy
Case-Laws
GST
HC allowed the writ petition filed by the assessee, holding that the disallowance of Input Tax Credit (ITC) under s.17(5) CGST Act on insurance premium was without jurisdiction and based on an erroneous factual premise. The revenue had treated the insurance policy as motor vehicle insurance, whereas the record clearly showed it was for stock, premises, STFI cov
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