In absence of cogent evidence, mere invoice production, cheque-payment insufficient to claim ITC: Supreme Court
It’s a bad news for the industry as Supreme Court has held that mere production of invoice and cheque payment is insufficient to claim ITC (Input Tax Credit). Expert say though this order is related with matter under Value Added Tax (VAT) regime, but likely to have impact on GST too.
“In absence of any further cogent material like furnishing the name and address of the selling dealer, details of the vehicle which has delivered the goods, payment of freight …
Read more at : THE HINDU businessline
Share this content:
Post Comment