Court Allows Input Tax Credit Based on VAT Invoice, Ignoring Actual Sale Value of Goods.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Input Tax Credit - sale of goods at a rate lower than the price shown in the VAT invoice (purchase price) - Input Tax Credit is allowable as per VAT invoice irrespective of sale value of the goods - HC....