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Though the govt had made retrospective amendment in law but it will not be at par with the legal rights of the tax payer. The government had to inserted sub rule 1A under rule 117 owing to the technical difficulties on common portal faced by the taxpayers. Had it not been an issue, no need would have aroused for extending the due date.
Sec 16(1) states that "Every person shall, subject to such conditions as may be prescribed and in the manner specified in sec 49, be entitled to take ITC charged on any supply of goods or services or both to him which are used or intended to be used in the course or furtherance of his business and the said amount shall be credited to the electronic credit ledger of such person.
One of the most disputed or major areas of concern for both taxpayers and authorities in the earlier regime was "works contract".Earlier this was the tricky area because it was taxed under both VAT and service tax as a good and service respectively and also a works contract tax used to be levied.
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