Large companies fear losing out on GST credit if vendors, suppliers go bankrupt due to Covid crisis

According to the GST framework, large companies cannot claim credits unless their suppliers and vendors have paid the tax. Section 16 of the GST law says that if a vendor does not pay GST to the government, input tax credit will be denied to the buyer.

from Economy-News-Economic Times https://ift.tt/2AlsXCw
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