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VAT - Highlights / Catch Notes

Home Highlights May 2014 Year 2014 This

Disallowance of Input Tax Credit - u/s 18(1)(e) only the ...


High Court Clarifies ITC Disallowance u/s 18(1)(e) Applies Only to Exempted Goods, Not SEZ or Export Transactions.

May 3, 2014

Case Laws     VAT and Sales Tax     HC

Disallowance of Input Tax Credit - u/s 18(1)(e) only the 'exempted goods', have been taken out of the purview of ITC and not person or class of persons or sale or purchases for promoting Special Economic Zones or exports u/s 8(3), (3A) or (4) - HC

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