Welcome Judgement by Supreme Court : ITC to be given to the purchaser even if tax is not deposited by seller

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Welcome Judgement by Supreme Court : ITC to be given to the purchaser even if tax is not deposited by seller

DELHI HIGH COURT ORDER SUPPORTED BY SUPREME COURT*
BUYER IS ELEGEABLE TO CLAIM INPUT TAX CREDIT UNDER VAT EVEN IF SELLER NOT UPLOADED OR NOT PAID VAT ON HIS SALES, IT’S GOVT DUTY TO COLLECT VAT, CST, PENALTY ETC. FROM THE SELLING PARTY AND NOT FROM THE BUYERS

6 COMMENTS

  1. On reading the whole judgement I could realte it with the title.
    Pl help me to find which para says / means that ITC to be given to the purchaser even if tax is not deposited by seller

  2. This is a provision which the GST COUNCIL which is composed of learned economists and administrators, should have naturally incorporated.
    If they did not, it was because they knew that the system could not perform to requisite standards.
    They therefore played on the fog and lack of knowledge of taxpayers. The Modi Govt therefore obviously planned to CHEAT INDIAN TAX PAYING CITIZENS ! It was a PRE-MEDITATED robbery. Who will be hacked for it ? Ungrateful rascals !

  3. Hi
    This supreme court order does not talk about itc being available to buyer even in case seller does not remit taxes.
    Pls clarify.
    Thanks.

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