Home Case Index All Cases VAT and Sales Tax VAT and Sales Tax + HC VAT and Sales Tax - 2016 (12) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2016 (12) TMI 958 - JHARKHAND HIGH COURTCarry forward of Input Tax Credit - Held that: - originally because of Explanation (1) to section 19 of the Act,2005, this petitioner was not permitted to carry forward Input Tax Credit from the month of January, 2015 to February, 2015. By now, an amendment has been carried out in Explanation (1) to Section 19 of the Act, 2005 by Amendment Notification dated 4th November, 2016, which is made effective from 7th May, 2011. Hence, we, hereby direct the respondents to allow this petitioner to carry forward Input Tax Credit for the month of January, 2015 to February, 2015 and for subsequent months, as per the amended version of Explanation (1) to Section 19 of the Jharkhand Value Added Tax Act, 2005 and the assessment will be carried out of this petitioner by the Assessing Officer, in accordance with law - petition allowed - decided in favor of petitioner.
|