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Karnataka HC Dismisses Revenue Revision Allowing KVAT ITC on Genuine Purchases
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AdvertisementJoint Commissioner of Commercial Taxes (Appeals) Vs Rajshreee Impex (Karnataka High Court) The Karnataka High Court considered a revision petition filed by the Revenue challenging the order dated 19.09.2018 passed by the Karnataka Appellate Tribunal (Tribunal) in S.T.A.
The respondent, a registered dealer under the Karnataka Value Added Tax Act, 2003 (KVAT Act), was engaged in the business of trading in iron and steel.
For the tax period April 2011 to March 2012, the respondent filed returns claiming Input Tax Credit (ITC) on purchases made from registered dealers.
The Assessing ...