Reversal of VAT Input tax credit

[saket s]

Pls suggest any judgments on reversal of VAT Input tax credit for free replacement of spare parts under warranty scheme. Department is asking us to reverse VAT ITC on the same.

Thanks

Saket

AI Summary

Reversal of VAT Input Tax Credit for Free Spare Parts Under Warranty Justified, Department's Request Supported A user inquired about any legal judgments concerning the reversal of VAT Input Tax Credit (ITC) for free replacement of spare parts under a warranty scheme, as the tax department is requesting a reversal of VAT ITC. The response provided by another participant supported the department's action, indicating that the reversal request is justified.