No ITC claim if vendors of suppliers of company don't pay GST: Punjab AAR

The Punjab authority for advance ruling (AAR) has denied input tax credit (ITC) under the goods and services tax (GST) system to a company for purchases made by a seller which has discharged its tax liability but the preceding seller has not Experts said the ruling seemed “far-fetched” and may be reviewed at higher judicial forums. The ruling was given on the application of Vimal Alloys, which run…