ITC Valid if Seller Was Registered at the time of Transaction & No Fraud: Allahabad HC

Khurja Scrap Trading Company Vs Additional Commissioner Grade-2 (Appeal) & Another (Allahabad High Court) The Allahabad High Court has ruled that a buyer cannot be denied input tax credit (ITC) simply because the seller’s Goods and Services Tax (GST) registration was subsequently cancelled or because the seller was not found at their place of business during an inspection. In the case of Khurja Scrap Trading Company vs. Additional Commissioner, the court quashed the orders of the tax authorities and remanded the matter for a fresh decision, emphasizing that a bona fide transaction ca...