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VAT - Highlights / Catch Notes

Home Highlights May 2016 Year 2016 This

Availing of input tax credit on photostat tax invoices/bogus ...


High Court Rules: Claiming Input Tax Credit on Fake Invoices Violates Act, Penalty Imposed for Non-Compliance.

May 28, 2016

Case Laws     VAT and Sales Tax     HC

Availing of input tax credit on photostat tax invoices/bogus invoices in the absence of selling dealer remitting the taxes to the Government and the investigations providing that they are non-existing dealers amounts to violation of the provisions of the Act and attracts levy of penalty - HC

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