ITC under Maharashtra VAT can’t be allowed on sale after 6 months from date of purchase: HC

GST/VAT : The petitioner obtained registration under the MVAT Act. It invested in gold and disposed it of, may be on behalf of customers. However, it paid VAT on it and was held liable to pay interest if payment of VAT is delayed. Hence, first appellate authority rightly concluded that tax amount, together with interest is payable. The tribunal also confirmed this view.

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000182886/itc-under-maharashtra-vat-can’t-be-allowed-on-sale-after-6-months-from-date-of-purchase-hc.aspx