Input Tax Credit of Tax Paid on Detention of GoodsA Dilemma CA. Akash Phophalia, dated 26 June, 2020

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The Tax Publishers GST--Input Tax Credit Input Tax Credit of Tax Paid on Detention of Goods--A Dilemma CA. Akash Phophalia Credit of tax paid on detention of goods can be termed as input tax credit or it can be simply termed as credit of tax knowing the fact that the payer is the seller of goods and not buyer of goods. 1. Introduction Input tax credit is an ever burning issue under indirect taxation laws particularly after introduction of GST laws. Being the new law the impact of conditions and restrictions imposed in the law needs to be clarified regularly. In this article the author wish to discuss an issue regarding admissibility of input tax credit of tax paid on detention of goods under section 129 of the CGST Act 2017 in the light of Zero Discharge Technologies (P) Ltd. v. State Tax Officer [W.P. (C) No. 485 of 2020(I), dt. 30-1-2020] : 2020 TaxPub(GST) 516 (Ker-HC). SUBSCRIBE FOR FULL CONTENT

The Tax Publishers

GST--Input Tax Credit

Input Tax Credit of Tax Paid on Detention of Goods--A Dilemma

CA. Akash Phophalia

Credit of tax paid on detention of goods can be termed as input tax credit or it can be simply termed as credit of tax knowing the fact that the payer is the seller of goods and not buyer of goods.

1. Introduction

Input tax credit is an ever burning issue under indirect taxation laws particularly after introduction of GST laws. Being the new law the impact of conditions and restrictions imposed in the law needs to be clarified regularly. In this article the author wish to discuss an issue regarding admissibility of input tax credit of tax paid on detention of goods under section 129 of the CGST Act 2017 in the light of Zero Discharge Technologies (P) Ltd. v. State Tax Officer [W.P. (C) No. 485 of 2020(I), dt. 30-1-2020] : 2020 TaxPub(GST) 516 (Ker-HC).