Dealers Must Prove Transactions with Detailed Evidence to Claim Input Tax Credit After VAT Registration Cancellation.

Dealers Must Prove Transactions with Detailed Evidence to Claim Input Tax Credit After VAT Registration Cancellation. https://www.taxtmi.com/highlights?id=69380 Input Tax Credit (denied retrospectively) - denial on account of cancellation of the VAT registration of the dealers (who have effected sale of the goods to these petitioners/appellants) - Therefore a dealer claiming ITC has to prove the actual transaction of sale by furnishing the name and address of the selling dealer, details of the vehicle which was/were used for delivery of the goods, tax invoices and payment particulars etc. The above information would be in addition to tax invoices, particulars of payment etc. - HC en-us Mon, 24 Apr 2023 09:09:12 +0530 Mon, 24 Apr 2023 09:09:12 +0530 TaxTMI RSS Generator Dealers Must Prove Transactions with Detailed Evidence to Claim Input Tax Credit After VAT Registration Cancellation. https://www.taxtmi.com/highlights?id=69380 Input Tax Credit (denied retrospectively) - denial on account of cancellation of the VAT registration of the dealers (who have effected sale of the goods to these petitioners/appellants) - Therefore a dealer claiming ITC has to prove the actual transaction of sale by furnishing the name and address of the selling dealer, details of the vehicle which was/were used for delivery of the goods, tax invoices and payment particulars etc. The above information would be in addition to tax invoices, particulars of payment etc. - HC Highlights VAT and Sales Tax Mon, 24 Apr 2023 09:09:12 +0530 https://www.taxtmi.com/highlights?id=69380