Onyx Designs ., In re
Date: June 17, 2019
Subject Matter
VAT Credit cannot be denied to the purchaser merely on the grounds that the selling dealer has not deposited the tax amount to the Government
Summary
The benefit of input tax cannot be deprived to the purchaser dealer, if the purchaser dealer satisfactorily demonstrates that while purchasing goods, he has paid the amount of tax to the selling dealer. If the selling dealer has not deposited the amo…
The petitioner has challenged the re-assessment orders along with the consequent demand notices issued by respondent No.1 relating to the tax periods 2011-12 and 2012-13. 2. The petitioner is a dealer registered under the provisions of the Karnataka Value Added Tax Act, 2003 (‘KVAT Act’ for short) dealing in the business of trading in bags and gift items. The petitioner availed the cre…