Input tax credit (ITC) is not a vested right but it is a ...

VAT and Sales Tax

May 20, 2019

Input tax credit (ITC) is not a vested right but it is a concession which is given on the fulfillment of certain conditions as enumerated under the given clause.it is not a vested right but it is a concession which is given on the fulfillment of certain conditions as enumerated under the given clause - the reason and object of the Amending Act was to protect the revenue of the State, which was being misused by the dealers and the said provision was provided as a safeguard.

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Input tax credit (ITC) is not a vested right but it is a ...

VAT and Sales Tax

May 20, 2019

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