https://www.taxtmi.com/article/detailed?id=5503 The representation contends that amendments restricting Input Tax Credit-by reducing credit on closing stock at the date of rate reduction and by limiting admissible credit to two distribution stages-cause loss of vested credit, tax cascading, unequal treatment of traders, and administrative burdens from mandatory invoice disclosure, and therefore conflict with the VAT scheme and constitutional equality and trade freedoms. en-us Thu, 27 Feb 2014 11:10:06 +0530 Thu, 27 Feb 2014 11:10:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5503 The representation contends that amendments restricting Input Tax Credit-by reducing credit on closing stock at the date of rate reduction and by limiting admissible credit to two distribution stages-cause loss of vested credit, tax cascading, unequal treatment of traders, and administrative burdens from mandatory invoice disclosure, and therefore conflict with the VAT scheme and constitutional equality and trade freedoms. Articles Value Added Tax - VAT and CST Thu, 27 Feb 2014 11:10:06 +0530 https://www.taxtmi.com/article/detailed?id=5503