Cash or Credit the Predeposit utilisation debate

The Great Indian Debate on Predeposit. Through Cash or Credit. The probable next big litigation in the GST Ecosystem and one that matters a lot for India Inc across. A technical dispute over a simple question as to whether the 10% GST pre-deposit be paid using ITC has snowballed into a major issue. Conflicting rulings and inconsistent departmental practice pushed the matter to the Supreme Court, which has now intervened with key interim directions. A snapshot by J the App by JustIDT as to the genesis and where we stand.