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🚨 Should an honest buyer lose ITC because of a supplier's mistake?

Tax without Tears872 views11d agoGeneral

You paid your supplier. You received the goods. You followed every GST compliance. Yet, your Input Tax Credit (ITC) could still be at risk simply because the supplier failed to deposit GST. A new GST proposal aims to change that. In this reel, I explain: ✅ What this proposal means for genuine buyers ✅ Who could be eligible for ITC protection ✅ Why supplier compliance still matters ✅ What businesses should do until this proposal becomes law This proposal could significantly reduce unnecessary litigation and protect honest taxpayers—but remember, it is still a proposal and has not yet become law. 📌 Save this reel for future reference. 📤 Share it with your CA, accountant, finance team, GST practitioner, and fellow business owners. 💬 Comment "ITC" and I'll send you the official news link in your DM. 👇 Now tell me in the comments: Should a genuine buyer be penalized for a supplier's GST default? . . . #GST #GSTUpdate #InputTaxCredit #ITC #GSTIndia

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