https://www.taxtmi.com/article/detailed?id=5669 ITC denial depends on whether seller's registration was cancelled before purchase and whether statutory cancellation procedures enabled third party verification; purchases made while the seller's registration was active entitle the buyer to ITC, since the seller has the primary liability to pay sales tax and the buyer should not bear that liability absent proven fraud or connivance. A statutory limit tying ITC to taxes actually paid cannot be fairly applied without a mechanism for purchasers to verify tax deposits, so e governance verification is necessary to operationalise such a restriction. en-us Tue, 17 Jun 2014 09:06:22 +0530 Tue, 17 Jun 2014 09:06:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5669 ITC denial depends on whether seller's registration was cancelled before purchase and whether statutory cancellation procedures enabled third party verification; purchases made while the seller's registration was active entitle the buyer to ITC, since the seller has the primary liability to pay sales tax and the buyer should not bear that liability absent proven fraud or connivance. A statutory limit tying ITC to taxes actually paid cannot be fairly applied without a mechanism for purchasers to verify tax deposits, so e governance verification is necessary to operationalise such a restriction. Articles Value Added Tax - VAT and CST Tue, 17 Jun 2014 09:06:22 +0530 https://www.taxtmi.com/article/detailed?id=5669