Eye Share : Blocking of Input tax credit by Haryana State Government - whether justified?

Goods and Services Tax (GST) has been introduced in India with the major objective of removal of cascading effect of taxes. Cross utilization of credits was not permissible under erstwhile indirect tax regime, which hurdle has been removed with implementation of GST and there is now a free flow of credits.Mr. Sanjay Dhariwal (Partner, Dhariwal and Sreenivas) discuss the sanctity of recent Circular dated October 30 issued by Haryana Govt. which prescribes t...