No input tax credit if GST returns not filed, says HC

The Telangana High Court has ruled that no  input tax credit (ITC) is available unless GST returns are filed and a taxpayer is liable to pay penalty on the entire liability. The ruling is expected to have a significant impact on all businesses that use tax credits available on inputs and raw materials to reduce payment in cash.  "...until a return is filed as self-assessed, no entitlemen…