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VAT - Highlights / Catch Notes

Home Highlights March 2017 Year 2017 This

Input Tax credit - denial on the ground that the transactions ...


Court Allows Input Tax Credit Denied Due to Retail Invoices, Citing Inappropriate Strict Interpretation of Section 50(2.

March 4, 2017

Case Laws     VAT and Sales Tax     HC

Input Tax credit - denial on the ground that the transactions were reflected in retail invoices and not tax invoices and, therefore, did not qualify for credit - the strict interpretation of Section 50(2) in the facts of this case was unwarranted - credit allowed - HC

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