Skip to content

Input Tax Credit under GST Law

Input Tax Credit under GST Law- Is it a Vested Right?

A vested right counted as an absolute right over any asset which cannot be taken over without the consent of its owner. Nature of ITC under GST Law The CGST Act, 2017- Section 16 contains detailed provisions regarding eligibility & conditions for taking input tax credit. Section 16(1) is the elementary provision in the GST Law which confers the eligibility to claim ITC to every registered person. However, the eligibility… Read More »Input Tax Credit under GST Law- Is it a Vested Right?