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VAT - Highlights / Catch Notes

Home Highlights July 2023 Year 2023 This

Reversal of input tax credit against the supply - Without ...

Case Laws     VAT and Sales Tax

July 4, 2023

Reversal of input tax credit against the supply - Without furnishing any details to the assessee, the authorities could not have directed reversal of the input tax credit, which was availed by the assessee - The assessee was compelled to pay the amount and without prejudice to their rights have paid the amount - Order is unsustainable - Authorities directed to return the amount of reversal of ITC - HC

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