Refund of Input Tax Credit - failure to reverse the input tax ...
Case Laws VAT and Sales Tax
April 15, 2021
Refund of Input Tax Credit - failure to reverse the input tax credit in respect of the invisible loss ratio - The petitioner himself has come forward and given in writing that the invisible loss is at 5% - the order passed by the respondent accepting the same cannot be said to suffer from any error apparent on the face of the record. - HC
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