Discharge of GST liability - Denial of transition of accumulated ...

Case Laws GST

April 7, 2021

Discharge of GST liability - Denial of transition of accumulated credit in respect of Tax Deducted at Source - any deduction made towards anticipated tax liability would assume the character of tax and will not change or fluctuate depending on whether it is held as credit or whether it is an adjustment against tax liability. To attribute such fluctuating character to an amount would distort the scheme of taxation and cause much difficulty in the interpretation on the various ancillary provisions. The interpretation of the provision must be such that it lends itself to certainty in its conclusion. - HC

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Discharge of GST liability - Denial of transition of accumulated ...

Case Laws GST

April 7, 2021

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