High Court: No reversal of Input Tax Credit when credit note issued, as no DVAT provision undermined by discounts.

High Court: No reversal of Input Tax Credit when credit note issued, as no DVAT provision undermined by discounts. https://www.taxtmi.com/highlights?id=24411 Reversal of Input Tax Credit on issuance of credit note – nothing has been brought on record by Department to show that arrangement by which discounts/incentives were offered to purchasing dealers by selling dealers was with view to "defeat the application or purposes of" any provision of DVAT - ITC not be reversed - HC en-us Wed, 26 Aug 2015 11:39:52 +0530 Wed, 26 Aug 2015 11:39:52 +0530 TaxTMI RSS Generator High Court: No reversal of Input Tax Credit when credit note issued, as no DVAT provision undermined by discounts. https://www.taxtmi.com/highlights?id=24411 Reversal of Input Tax Credit on issuance of credit note – nothing has been brought on record by Department to show that arrangement by which discounts/incentives were offered to purchasing dealers by selling dealers was with view to "defeat the application or purposes of" any provision of DVAT - ITC not be reversed - HC Highlights VAT and Sales Tax Wed, 26 Aug 2015 11:39:52 +0530 https://www.taxtmi.com/highlights?id=24411