Input tax credit - levy of purchase tax - there is no scope for ...

Input tax credit can't offset purchase tax u/s 12(1); only applies to tax payments u/s 3(2).

February 8, 2020

Case Laws VAT and Sales Tax HC

Input tax credit - levy of purchase tax - there is no scope for ambiguity. Input tax credit can be adjusted only for payment of tax under Section 3(2) and not under Section 12(1) of the Act. Purchase tax payable under Section 12(1) of the Act has to be paid in cash.

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Input tax credit - levy of purchase tax - there is no scope for ...

Input tax credit can't offset purchase tax u/s 12(1); only applies to tax payments u/s 3(2).

February 8, 2020

Case Laws VAT and Sales Tax HC

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