Home Case Index All Cases VAT and Sales Tax VAT and Sales Tax + HC VAT and Sales Tax - 2016 (11) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2016 (11) TMI 978 - HC - VAT and Sales TaxInput Tax Credit - The respondent-assessees are carrying on separate business but they sold the goods at a rate lower than the price shown in the VAT invoice keeping in view the discount/incentive received by them from the respective dealers - Held that: - reliance placed on the decision of the case of Assistant Commissioner, Circle-A Vs. Assistant Commissioner, Circle-A, Commercial Taxes, Bharatpur (Rajasthan) and others Versus Bhagwati Building Material Store and other [2016 (10) TMI 13 - RAJASTHAN HIGH COURT] where it was held that Input Tax Credit is allowable as per VAT invoice irrespective of sale value of the goods. ITC allowed - petition dismissed - decided in favor of respondent-assessee.
|