Monday, August 13, 2018

No Input Tax Credit on Goods not Resold within a Period of 6 Months: Bombay HC [Read Judgment]

The Bombay High Court in the case of Axis Mutual Fund v. State of Maharashtra, held that no input tax credit can be claimed on goods not resold within a period of 6 months as is stipulated by the legislation. The petitioner in the present case has sought quashing and setting aside the orders adjudicating […]

The post No Input Tax Credit on Goods not Resold within a Period of 6 Months: Bombay HC [Read Judgment] appeared first on Taxscan | Simplifying Tax Laws.



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