authorities were
conducting parallel inquiries, requiring the assessee to reverse the
input tax credit. The Court observed that the search in the present ... erstwhile scheme of indirect taxes
in the form of value added tax or VAT. Whereas, the latter
scheme of Punjab VAT Act , value added tax (VAT) paid or
payable under the said ... says that
input tax in relation to a taxable person means the value added
tax (VAT), paid
appellant is a registered dealer under the Uttar Pradesh Value Added
Tax Act, 2008 (for short, ‘the Act’). The subject matter ... Value Added Tax Act, 2008 (U.P. Act No. 5 of 2008), the Governor is pleased
to direct that no tax
services or both or on inputs or input
services used in making such zero-rated
supply or refund of tax paid ... credit,
availed in respect of inputs
received under the said
notifications for export of goods
and the input tax credit availed
in respect
main indirect taxes applicable were
Central Excise Duty, Value Added Tax
("VAT") / Central Sales Tax ... Central Sales Tax/Value Added
Tax
16. Section 5(3) of the Central Sales
Tax Act, 1965 states that
input
tax credit has been wrongly availed or utilised, no
order requiring the appellant to pay such tax or
input tax ... Tax Credit (ITC) lies on the
assessee. The department comes to know about the
details of taxes payable and Input Tax
paid or
short paid or erroneously refunded or input tax credit
wrongly availed or utilised for any reason other than
fraud ... chargeable with tax,
determine the amount of tax, interest and a penalty
equivalent to ten per cent. of tax
framing assessment for the
tax periods from 01.04.2010 to 31.03.2013 under
Section 42 of the Odisha Value Added Tax ... Odisha Value
Added Tax Act, 2004 (for short, ― OVAT Act ‖) read with
Rule 41 of the Odisha Value Added Tax Rules
effect of the taxes. The cascading effect of taxes
mean levy of tax on tax ... electronic cash ledger for integrated tax, central tax, State tax,
Union territory tax or cess, in such
effect of the taxes. The cascading effect of taxes
mean levy of tax on tax ... electronic cash ledger for integrated tax, central tax, State tax,
Union territory tax or cess, in such
