Tax Authority Cannot Force Method Limiting Tax Deferment Benefits, Upholds Taxpayer's Right to Maximize Input Tax Credit.

Tax Authority Cannot Force Method Limiting Tax Deferment Benefits, Upholds Taxpayer's Right to Maximize Input Tax Credit. https://www.taxtmi.com/highlights?id=30727 Input tax credit – preference of set off - local sale, inter-state sale and export - Assessing Authority cannot insist on the assessee adopting a particular method which would deny them the benefit of utilization of the balance available tax deferment in its entirety, and instead of paying tax. - HC en-us Wed, 10 Aug 2016 13:00:54 +0530 Wed, 10 Aug 2016 13:00:54 +0530 TaxTMI RSS Generator Tax Authority Cannot Force Method Limiting Tax Deferment Benefits, Upholds Taxpayer's Right to Maximize Input Tax Credit. https://www.taxtmi.com/highlights?id=30727 Input tax credit – preference of set off - local sale, inter-state sale and export - Assessing Authority cannot insist on the assessee adopting a particular method which would deny them the benefit of utilization of the balance available tax deferment in its entirety, and instead of paying tax. - HC Highlights VAT and Sales Tax Wed, 10 Aug 2016 13:00:54 +0530 https://www.taxtmi.com/highlights?id=30727