Goods & Service Tax

GST: Cap On Input Tax Credit Without Invoice May Cause Working Capital Issues, Say Expert


That, according to Krishan Arora, partner at Grant Thornton India LLP, would add to compliance burden for taxpayers, leading to additional working capital issues as taxpayers wouldn’t be able to utilise entire credit pool, at once, for the purchases made in a month.

This article appeared in Bloomberg Quint on 11th Nov, 2019.