https://www.taxtmi.com/caselaws?id=435445 Assessments based on alleged input tax credit mismatch had to be re-determined under Circular No. 5 of 2021, because the prescribed procedure required verification of buyer and seller data, notice to the dealer, an opportunity to explain the discrepancy, enquiry, and compliance with natural justice before finalisation. Since that exercise had not been completed, the assessments were set aside for fresh consideration. On the allegation of no actual movement of goods, the matter was kept open because connected proceedings and a pending authoritative decision were relevant; the assessments on that issue were to be reconsidered in light of the binding legal position that would emerge. en-us Wed, 15 Mar 2023 00:00:00 +0530 Mon, 20 Mar 2023 18:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435445 Assessments based on alleged input tax credit mismatch had to be re-determined under Circular No. 5 of 2021, because the prescribed procedure required verification of buyer and seller data, notice to the dealer, an opportunity to explain the discrepancy, enquiry, and compliance with natural justice before finalisation. Since that exercise had not been completed, the assessments were set aside for fresh consideration. On the allegation of no actual movement of goods, the matter was kept open because connected proceedings and a pending authoritative decision were relevant; the assessments on that issue were to be reconsidered in light of the binding legal position that would emerge. Case-Laws VAT and Sales Tax Wed, 15 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435445