https://www.taxtmi.com/caselaws?id=762882 Input tax credit depends on the registered dealer proving an sale transaction with supporting evidence such as transport records or other collateral material. Cancellation of the seller's registration does not, by itself, determine every case, but where the purchaser cannot substantiate actual supply of goods, the credit may be denied or reversed. The Madras HC noted that reliance only on the seller's registration being active on the date of purchase was insufficient without proof of genuine sale, and the matter was remitted for reconsideration by the assessing authority. en-us Mon, 18 Nov 2024 00:00:00 +0530 Mon, 09 Dec 2024 14:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762882 Input tax credit depends on the registered dealer proving an sale transaction with supporting evidence such as transport records or other collateral material. Cancellation of the seller's registration does not, by itself, determine every case, but where the purchaser cannot substantiate actual supply of goods, the credit may be denied or reversed. The Madras HC noted that reliance only on the seller's registration being active on the date of purchase was insufficient without proof of genuine sale, and the matter was remitted for reconsideration by the assessing authority. Case-Laws VAT / Sales Tax Mon, 18 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762882