The Delhi VAT Tribunal ruled that no penalty can be imposed for mismatch of 2A & 2B if the purchasing dealer is Bonafide. The appellant, M/s Honeywell Automation India Ltd. has assailed the order of Special Hearing Authority (SOHA) wherein the Input Tax Credit (ITC) was refused to the appellant.
Source Taxscan
Latest Posts in "India"
- India Slashes Excise Duty on Petrol, Diesel to Shield Consumers Amid Global Oil Price Surge
- Understanding GST Vouchers: Classification, Tax Implications, and Key Distinctions from Discounts and Services
- IMF Economist Urges India to Adopt Single GST Rate and Direct Revenue Redistribution to Citizens
- BJD Urges Odisha Government to Cut VAT on Petrol, Diesel Amid Global Fuel Crisis Concerns
- Strategic Management of GST Credit Notes: Compliance, Timing, and Tax Implications for Finance Leaders
