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![No Denial of GST ITC on Interest-Free Advance Receipts: Bombay HC in L&T, IHI Consortium Case [Read Order] No Denial of GST ITC on Interest-Free Advance Receipts: Bombay HC in L&T, IHI Consortium Case [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/Bombay-HC-Bombay-High-Court-No-Denial-of-GST-ITC-on-Interest-Free-Advance-GST-Goods-and-Services-Tax-Input-Tax-Credit-ITC-taxscan.jpg)
No Denial of GST ITC on Interest-Free Advance Receipts: Bombay HC in L&T, IHI Consortium Case [Read Order]
The Bombay High Court has held that Goods and Services Tax (GST) Input Tax Credit (ITC) cannot be denied on advance receipts. The petitioner is an...