Rising complications for corporates in ITC claims under GST

Input Tax Credit (ITC) claims have been stressing out many businesses due to the large efforts involved. The government has been making amendments of late to the GST law to tighten the ITC claims, the most recent being through Budget 2023. Changes in ITC from Budget 2023 You have seen and adapted to the present filing system, where no provisional ITC claims are allowed. Th…