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2018 (4) TMI 281 - HC - VAT and Sales TaxInput tax credit credit - registration of various dealers canceled - Held that: - the principal tax dues estimated by the authorities if the transactions of the petitioner with the tainted dealers are found to be nongenuine, would cross ₹ 1 crore. This could be added by interest and penalty which can go upto 150% of the basic tax amount. What we also have on record is that in addition to pointing out to the petitioner that the purchases were made from those dealers whose registrations were cancelled on the ground that they were indulging in bogus billing activities, the petitioner was also given an opportunity to establish, primafacie, the actual movement of goods. There is primafacie material suggesting the petitioner's engagement in bogus billing activities, which if ultimately established, would result into sizeable tax demands - petition dismissed.
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