Eye Share: ITC Reversal on Capital Goods - Dilemma in the Law

The issues faced so far in GST regime have been majorly due to the ambiguities in the law and absence of clarity over the same. One such issue is the existence of multiple provisions for treatment of the same nature of transaction.CA Chirag Jain (Partner at Ashok Harkawat & Co.) along with CA Shuchi Sethi (Senior Manager, Indirect Taxes at Dhadda & Co.) analyze the dilemma faced by the taxpayers due to the existence of multiple provisions to deal with r...