https://www.taxtmi.com/article/detailed?id=13056 Entitlement to Input Tax Credit depends on the purchasing dealer proving genuineness of transactions; invoices and payments alone are insufficient. The KVAT Act places the burden on the dealer to demonstrate actual purchases through corroborative evidence of physical movement and delivery. False documents used to support claims attract enhanced penalties after an opportunity to show cause, and authorities may deny credit where seller details, delivery particulars, freight evidence, acknowledgements and payment trails are not furnished. en-us Sat, 26 Oct 2024 10:14:38 +0530 Sat, 26 Oct 2024 10:14:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=13056 Entitlement to Input Tax Credit depends on the purchasing dealer proving genuineness of transactions; invoices and payments alone are insufficient. The KVAT Act places the burden on the dealer to demonstrate actual purchases through corroborative evidence of physical movement and delivery. False documents used to support claims attract enhanced penalties after an opportunity to show cause, and authorities may deny credit where seller details, delivery particulars, freight evidence, acknowledgements and payment trails are not furnished. Articles Value Added Tax - VAT and CST Sat, 26 Oct 2024 10:14:38 +0530 https://www.taxtmi.com/article/detailed?id=13056