input tax credit

[DEEPAK SAINI]

Is there any case law under VAT where ITC can be taken on the basis of Retail invoice

[rishi mohan]

No input tax credit is allowed on Retail invoice. Input Tax credit can be claimed only on Tax invoices.

AI Summary

Input tax credit requires a proper tax invoice; retail invoices do not qualify for VAT input tax credit claims. Input tax credit under VAT/CST is not available on retail invoices; entitlement exists only when the recipient holds a proper tax invoice issued in the form required by the tax law, and retail-style bills or receipts do not satisfy the documentary prerequisites for claiming credit.