ITC is Substantive Right granted to Assessee u/s 16 of GST Act: Allahabad HC quashes Rs 235 crores Demand against Vivo Mobile [Read Order]

ITC is Substantive Right granted - Assessee - GST Act-Allahabad HC - Demand - Vivo Mobile-TAXSCAN

The Allahabad High Court quashed Rs 235 crores demand against Vivo Mobile India and ruled that Input Tax Credit (ITC) is substantive right granted to the assessee under Section 16 of the Goods and Service Tax (GST) Act, 2017. The primary relief sought by the petitioner, M/S Vivo Mobile India Private Ltd, is against the…

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