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#GTBharat's PolicyCast Ep 46 | GST ITC reforms: What businesses need to know
When businesses comply but suppliers default, who bears the burden under GST?
Input Tax Credit (ITC) disputes arising from supplier defaults have been a long-standing challenge under the GST framework. Proposed reforms could bring greater clarity and relief for bona fide taxpayers.
In the latest episode of #GTBharat's PolicyCast, Manoj Mishra, Partner and Tax Controversy Management Leader, Grant Thornton Bharat, discusses the changing ITC framework and the potential implications of these developments.
Key areas covered:
• Impact of supplier defaults on ITC eligibility
• Balancing revenue…
The skinny
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