Input Tax Credit Under GST: The One Provision Where a Buyer Pays for a Supplier's Default

CA. Keshav Kumar | Last updated: 30 June 2026

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Eight years into GST, the area that generates the most notices, the longest reconciliations and the bulk of avoidable litigation in my practice is not the rate structure or classification. It is Input Tax Credit. The reason is structural rather than procedural: ITC was sold as a seamless offset of t

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About the Author

CA. Keshav Kumar

Chartered Accountant

About the Author I am a Chartered Accountant based in New Delhi. Before I qualified, I spent close to twelve years working on the operational side of accounts and compliance closing books, reconciling returns, and handling the everyday filings that keep a business on the right side of the law. I do not describe those ... Read more

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Input Tax Credit Under GST: The One Provision Where a Buyer Pays for a Supplier's Default

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