https://www.taxtmi.com/article/detailed?id=10635 Adjustment of excise duty on closing stock with available input tax credit in the relevant division, together with payment of the balance shortfall, constitutes actual payment for purposes of claiming the deduction under the payment-based tax compliance rule; such an adjustment-plus-balance-payment cannot be disallowed as non-payment. The tribunal's allowance of the claim was affirmed, with separate treatment noted for a unit ineligible for input credit due to job-work activity. en-us Thu, 25 Aug 2022 10:44:00 +0530 Thu, 25 Aug 2022 10:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10635 Adjustment of excise duty on closing stock with available input tax credit in the relevant division, together with payment of the balance shortfall, constitutes actual payment for purposes of claiming the deduction under the payment-based tax compliance rule; such an adjustment-plus-balance-payment cannot be disallowed as non-payment. The tribunal's allowance of the claim was affirmed, with separate treatment noted for a unit ineligible for input credit due to job-work activity. Articles Income Tax Thu, 25 Aug 2022 10:44:00 +0530 https://www.taxtmi.com/article/detailed?id=10635