Allahabad high court: Entities must give toll, freight info for input tax credit claims

NEW DELHI: There is bad news for entities that availed of input tax credit (ITC) for GST based on bogus invoices without receiving the goods. The Allahabad high court has dismissed a petition and ruled that evidence of payment of toll and freight is required to be submitted to prove genuineness of a transaction. The order came in a case filed by Malik Traders, which deals in waste materials and sc…