https://www.taxtmi.com/caselaws?id=801429 Input tax credit requires a valid invoice and proof of actual receipt of goods. Tax invoices, e-way bills, consignment notes, verifiable banking payments and undisputed consumption of inputs in manufacturing substantiate a purchaser's bona fides. A supplier's subsequent non-existence or retrospective registration cancellation does not, by itself, negate such evidence or justify credit reversal. Fraud-based penalty requires proof of fraud, wilful misstatement, suppression or collusion by the purchaser. Where reliable contemporaneous records establish purchase, transport, payment and consumption, and no material proves the purchaser's knowledge of or participation in supplier fraud, penalty and consequential tax and interest demands are unsustainable. en-us Fri, 16 Oct 2026 00:00:00 +0530 Wed, 21 Oct 2026 08:37:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=801429 Input tax credit requires a valid invoice and proof of actual receipt of goods. Tax invoices, e-way bills, consignment notes, verifiable banking payments and undisputed consumption of inputs in manufacturing substantiate a purchaser's bona fides. A supplier's subsequent non-existence or retrospective registration cancellation does not, by itself, negate such evidence or justify credit reversal. Fraud-based penalty requires proof of fraud, wilful misstatement, suppression or collusion by the purchaser. Where reliable contemporaneous records establish purchase, transport, payment and consumption, and no material proves the purchaser's knowledge of or participation in supplier fraud, penalty and consequential tax and interest demands are unsustainable. Case-Laws GST Fri, 16 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=801429