The Tax Publishers

GST--Input Tax Credit

Is Input Tax Credit absolute?

Srivatsan Ranganathan

Availing input tax credit in indirect taxes is generally backed/based by documentation as required by law. The author has discussed a recent Apex Court decision and its pointers on this domain in this article.

1. Starters

Recently, the Apex Court had to address in the realm of Karnataka VAT law in the case of The State of Karnataka v. Ecom Gill Coffee Trading (P) Ltd. [Civil Appeal No. 230 of 2023, dated 13-3-2023], as to whether input tax credit in indirect taxes is an absolute right of an assessee/purchaser especially when there is "adequate" documentation manifesting for the levy of such taxes from the seller's end. Media has hyped this decision citing that even proper invoices and documentation will not make availability of input taxes an absolute right. This article will enable understand/read the decision in the right perspective.

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