In a significant ruling, the AAR, West Bengal has held that the companies are eligible to claim the input tax credit even if the liability to pay for inputs between them, including tax, is discharged through adjustments in their books. The State bench of the West Bengal Advance Ruling Authority was hearing a case relating […]
The post GST: Input Tax Credit allowable on Debt Settlement, says AAR [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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