Assessee cannot be asked to reverse input tax credit due to non-payment of taxes by the selling dealer
Last updated: 23 February 2016
Court :
High Court of Madras
Brief :
The Hon’ble High Court of Madras relied upon the decision in the case of Sri Vinayaga Agencies Vs. the Assistant Commissioner (Ct), Chennai and another [(2013) 60 VST 283 (Mad)] and held that when the fact of Petitioner paying the taxes to his supplier is not under dispute, the Petitioner cannot be compelled to reverse the input tax Credit due to non-payment of VAT liability by the selling dealer.
Citation :
Sri Lakshmi Textiles Vs. the Commissioner of Commercial Taxes and Others
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Bimal Jain
Published in VAT
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