We are honored to announce the publication of our article, “Reply to Notice of Reversal of Input Tax Credit When the Supplier Has Not Paid Tax,” in the December 2022 edition of the House Journal of the Association of Corporate Advisors & Executives (ACAE).
This article provides an in-depth analysis of the procedural and legal aspects surrounding the reversal of input tax credit (ITC) under the Goods and Services Tax (GST) regime, specifically when a supplier has failed to remit the tax. It examines the implications for businesses, highlights key compliance challenges, and offers practical guidance on responding to notices of ITC reversal.
Our goal is to provide corporate advisors, executives, and tax professionals with a comprehensive understanding of this important issue and assist them in navigating the complexities of GST compliance effectively.
We invite readers to explore the full article in the December 2022 edition of the ACAE House Journal and gain valuable insights into this critical aspect of taxation.
