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Home Highlights February 2020 Year 2020 This

Input tax credit (ITC) - failure to produce the documents to ...


High Court Rules Proper Documentation Essential for Validating ITC Claims; Mere Registration Insufficient Under Tax Law.

February 20, 2020

Case Laws     VAT and Sales Tax     HC

Input tax credit (ITC) - failure to produce the documents to verify the claim of genuineness of the Input Tax Credit claimed by the Assessee - merely because the registration details existed on the rolls of the Revenue Department, it could not per se prove the validity and verification of the transactions in question. - HC

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