Reversal of Input Tax Credit on issuance of credit note – ...

High Court: No reversal of Input Tax Credit when credit note issued, as no DVAT provision undermined by discounts.

August 26, 2015

Case Laws VAT and Sales Tax HC

Reversal of Input Tax Credit on issuance of credit note – nothing has been brought on record by Department to show that arrangement by which discounts/incentives were offered to purchasing dealers by selling dealers was with view to "defeat the application or purposes of" any provision of DVAT - ITC not be reversed - HC

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Reversal of Input Tax Credit on issuance of credit note – ...

High Court: No reversal of Input Tax Credit when credit note issued, as no DVAT provision undermined by discounts.

August 26, 2015

Case Laws VAT and Sales Tax HC

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