SC Upholds Relief to Bona Fide VAT Credit Buyers

Advertisement Commissioner of Trade and Taxes Delhi Vs Arise India Limited (Supreme Court of India) The dispute concerned the constitutional validity of Section 9(2)(g) of the Delhi Value Added Tax Act, 2004 (DVAT Act), which denied Input Tax Credit (ITC) to purchasing dealers unless the tax collected from them had actually been deposited with the Government by the selling dealer. The Delhi High Court examined whether a bona fide purchasing dealer could be denied ITC because of the default of the selling dealer. Read High Court judgment in this case: Input tax credit cannot be denied to re...