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GST NEWS BULLETINNo ITC to purchasing dealer in the absence of proof of genuine transactions and physical movement of goods.The Hon’ble Supreme Court in the State of Karnataka v. M/s. Ecom Gill Coffee Trading Pvt. Ltd. [Civil Appeal No. 230 of 2023 dated March 13, 2023] has quashed and set aside the order passed by the Hon’ble Karnataka High Court because until the purchasing dealer discharges the burden of proof under Section 70 of the Karnataka Value Added Tax Act, |
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