Court Rules Petitioner Lacked Intent to Sell Locally in Tripura; Input Tax Credit Under VAT Laws Denied.

Court Rules Petitioner Lacked Intent to Sell Locally in Tripura; Input Tax Credit Under VAT Laws Denied. https://www.taxtmi.com/highlights?id=23287 Input tax credit - intention of a party has to be judged from its action - the petitioner has been selling almost all its produce outside the State of Tripura. - no hesitation in holding that it was not the intention of the petitioner, while setting up the plant, to sell the produce in Tripura - HC en-us Wed, 10 Jun 2015 09:25:57 +0530 Wed, 10 Jun 2015 09:25:57 +0530 TaxTMI RSS Generator Court Rules Petitioner Lacked Intent to Sell Locally in Tripura; Input Tax Credit Under VAT Laws Denied. https://www.taxtmi.com/highlights?id=23287 Input tax credit - intention of a party has to be judged from its action - the petitioner has been selling almost all its produce outside the State of Tripura. - no hesitation in holding that it was not the intention of the petitioner, while setting up the plant, to sell the produce in Tripura - HC Highlights VAT and Sales Tax Wed, 10 Jun 2015 09:25:57 +0530 https://www.taxtmi.com/highlights?id=23287