Input Tax Credit Can't Be Denied Just Due to Vendor's Canceled Registration Without Proving Unpaid Taxes by Vendor.
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....Disallowance of tax credit - Input tax credit cannot be disallowed by working out the percentage of purchases made from a dealer whose registration is cancelled, without first establishing that in respect of the goods purchased by the dealer, the vendor had not paid tax. - HC....




TaxTMI
TaxTMI