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  

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