The Case of Safari Retreats: A Critical Analysis
Introduction Input tax credit (“ITC”) is one of the important features of the Central Goods and Services Tax Act, 2017 (“CGST Act”) which avoids the cascading effect of taxes. The availment of ITC rests on fulfilment of conditions provided in Section 16 of the CGST Act. Nevertheless, certain additional restrictions are imposed by Section 17(5) of the CGST Act […]