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VAT - Highlights / Catch Notes

Home Highlights October 2018 Year 2018 This

ITC is a form of concession which is provided by the Act; it ...


ITC is a concession, not a right; available only if statutory conditions are met by the dealer.

October 17, 2018

Case Laws     VAT and Sales Tax     SC

ITC is a form of concession which is provided by the Act; it cannot be claimed as a matter of right but only in terms of the provisions of the statute; therefore, the conditions mentioned in the aforesaid Section had to be fulfilled by the dealer

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