From 01st October 2022 Government can restrict the Taxpayer's ITC if his vendor has: Defaulted in paying tax for such a period or Short paid taxes by a certain percentage. Availed excess ITC by such limit or Utilized ITC to pay taxes in excess of the maximum allowable limit. Taken registration within such period
What happen if the seller/supplier didn’t paid GST from his side and so I can’t use Input tax credit
mack (Thinking-to-start-business) (154 Points)
15 December 2022