Court Highlights Need for Concrete Proof in VAT Evasion Claims; ITC Under JVAT Act 2005 Considered Key Factor.

Court Highlights Need for Concrete Proof in VAT Evasion Claims; ITC Under JVAT Act 2005 Considered Key Factor. https://www.taxtmi.com/highlights?id=68541 Under-pricing of goods/colourful transactions - In the absence of tangible materials to support such a finding, it is difficult to assume that a purchaser of petitioner would purchase minerals at a lesser price under an invoice in order to evade payment of tax especially when the said purchaser is entitled to avail ITC under the JVAT Act, 2005. - HC en-us Thu, 02 Mar 2023 10:51:02 +0530 Thu, 02 Mar 2023 10:51:02 +0530 TaxTMI RSS Generator Court Highlights Need for Concrete Proof in VAT Evasion Claims; ITC Under JVAT Act 2005 Considered Key Factor. https://www.taxtmi.com/highlights?id=68541 Under-pricing of goods/colourful transactions - In the absence of tangible materials to support such a finding, it is difficult to assume that a purchaser of petitioner would purchase minerals at a lesser price under an invoice in order to evade payment of tax especially when the said purchaser is entitled to avail ITC under the JVAT Act, 2005. - HC Highlights VAT and Sales Tax Thu, 02 Mar 2023 10:51:02 +0530 https://www.taxtmi.com/highlights?id=68541