https://www.taxtmi.com/caselaws?id=332853 Input tax credit cannot be reversed merely because a seller's registration was cancelled retrospectively where the purchaser relied on a valid registration certificate at the time of supply; retrospective cancellation does not, by itself, defeat credit already availed on a then-subsisting registration. The Court also held that the challenge to the retrospective cancellation order required fresh consideration because the affected authority had not been given an adequate opportunity to respond. Accordingly, the credit-reversal appeals failed, while the cancellation challenge was remanded for reconsideration on the merits. en-us Thu, 01 Sep 2016 00:00:00 +0530 Wed, 29 Mar 2017 17:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332853 Input tax credit cannot be reversed merely because a seller's registration was cancelled retrospectively where the purchaser relied on a valid registration certificate at the time of supply; retrospective cancellation does not, by itself, defeat credit already availed on a then-subsisting registration. The Court also held that the challenge to the retrospective cancellation order required fresh consideration because the affected authority had not been given an adequate opportunity to respond. Accordingly, the credit-reversal appeals failed, while the cancellation challenge was remanded for reconsideration on the merits. Case-Laws VAT and Sales Tax Thu, 01 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332853