Denial of ITC under Axis Gold ETF due to resale rule violation within six months upheld by Tribunal: Rule 53 MVAT. https://www.taxtmi.com/highlights?id=40743 Input Tax Credit - Reduction in set off - Axis Gold ETF Scheme - denial of ITC as the goods purchased by the petitioner on which input tax credit is claimed are not resold within a period of six months from the date of purchase - Rule 53 of the MVAT Rules, 2005 - Order of Tribunal confirmed. en-us Thu, 09 Aug 2018 08:12:11 +0530 Thu, 09 Aug 2018 08:12:11 +0530 TaxTMI RSS Generator Denial of ITC under Axis Gold ETF due to resale rule violation within six months upheld by Tribunal: Rule 53 MVAT. https://www.taxtmi.com/highlights?id=40743 Input Tax Credit - Reduction in set off - Axis Gold ETF Scheme - denial of ITC as the goods purchased by the petitioner on which input tax credit is claimed are not resold within a period of six months from the date of purchase - Rule 53 of the MVAT Rules, 2005 - Order of Tribunal confirmed. Highlights VAT and Sales Tax Thu, 09 Aug 2018 08:12:11 +0530 https://www.taxtmi.com/highlights?id=40743