Supreme Court upholds buyers can correct clerical errors in GST filings without penalty, claim ITC

In a significant ruling that promises ease of compliance to taxpayers under the goods and services tax, the Supreme Court has held that companies can correct human or arithmetical errors in tax filings and should not be penalised for that and must not be denied input tax credit due to these.   Further, taking note of the rigid interpretation of rectification deadlines by tax authorities, the…