Input Tax Credit available on Evaporation of Petroleum Products: Punjab & Haryana High Court [Read Order]

Input Tax Credit - Evaporation of Petroleum Products - Punjab & Haryana High Court - Taxscan

A division bench of the Punjab and Haryana High Court has held that Input Tax Credit (ITC) available on evaporation of petroleum products under the Haryana Value Added Tax Act, 2003. Earlier, the Tribunal accepted the appeals and held that dealers were entitled to Input Tax Credit on evaporation loss of Petrol and High-Speed Diesel….

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