Saturday, June 27, 2020

Buyer eligible to avail full ITC even when tax rate charged by seller on goods is higher than the specified rate: HC

GST/EXCISE/ST/VAT: Even if registered dealer had deliberately paid tax in excess and passed on incidence of such tax to assessee with a view to liquidate excess credit of input tax accumulated in their hand, assessee could not be denied of input tax credit of tax paid and reflected in invoice

from www.taxmann.com Latest Case Laws https://ift.tt/3eEMZXJ

No comments:

Post a Comment

AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...