GST not Payable if no Invoice is Raised and Payment is not Received: Madras High Court directs for Reconsideration in light

The Madras High Court directed reconsideration of GST liability in cases where no invoice is raised and payment is not received, in light of a CBIC circular. The ruling addresses the conditions under which GST is applicable, emphasizing the need to align with updated guidelines to ensure correct tax practices.