2024 (10) TMI 1125 - SCH - VAT / Sales Tax

Input tax credit - non-existing or bogus entities - HELD THAT - The appeal is disposed off in light of ratio in Ecom Gill Coffee Trading Private Limited 2023 (3) TMI 533 - SUPREME COURT where it was held that ' Both, the second Appellate Authority as well as the High Court have materially erred in allowing the ITC despite the concerned purchasing dealers failed to prove the genuineness of the transactions and failed to discharge the burden of proof as per section 70 of the KVAT Act, 2003.' Appeal allowed.

Summary

The Supreme Court granted leave and allowed the appeal in favor of the Revenue, citing the judgment in State of Karnataka v. Ecom Gill Coffee Trading Private Limited. The respondent did not contest, leading to the disposal of the appeal based on the mentioned ratio.