December 2018 on the ground of raising fraudulent claims of
input tax credit9 from fake/fictitious firms in Delhi and Kanpur ... statement of “output liability or input credit”. Having
regard to the amount paid by reversing the input tax credit if
the interest
value added tax systems are designed to tax final consumption;
(b) only the consumers should bear the tax burden ... tax, sales
tax and other legislation;
(vii) In a tax regime which was not based on value added tax
10th November, 2014
was inclusive of taxes like Central Excise Duty, Service Tax, VAT,
Entry Tax ... taxes on petroleum Revised Sor-2014, the
products and other tax-exclusive basic value
non-VAT taxes
will either be offset
against output tax liability or added to the output tax
liability of the subsequent months ... shift in the
erstwhile taxes such as excise duty, service tax, entry tax, VAT
assessee
preferred the appeal before the CIT(A). During the appellate proceeding, the CIT(A)
had sought the remand report ... also submitted that
the income tax assessment in Mr. Pahuja was also completed by the income tax
department and where
made from the plural indirect tax regime (including Central Excise, Service Tax and VAT laws ... in respect of inputs or input services received on or after the appointed day but the duty or tax in respect
Value Added Tax by the committee constituted by the
Ministry of Finance, Government of India, extensively
spoke about the Value Added Tax ... sought to be imposed upon the petitioners
and give input tax credit to the petitioners in this regard. It
is therefore contended that
said on two of the legacy taxes i.e., value added tax (VAT) and
service tax ... country. Service tax is a value added
tax.
8. As stated above, service tax is VAT
missed out on certain invoices pertaining to
inputs and input services on which service tax was paid, while filing the
TRAN-1 Form ... tax by it on such inputs / input services
received under the erstwhile tax regime. It is thus eligible to
carry forward
assessee by observing that the assessee has claimed the credit of input tax on all
the purchases including the purchases from Reliance Industries ... assessee can get VAT input
tax credit @ 4% on all purchases, including purchases from Reliance Industries Ltd
SEZ, since
