Burden of proof.

Section 155

Where any person claims that he is eligible for input tax credit under this Act, the burden of proving such claim shall lie on such person.

AI Explanation

In the realm of taxation, proving eligibility for input tax credit holds significant weight. Section 155 of the legislation places the responsibility squarely on the shoulders of the individual making the claim.

Navigating the Claim

When any person asserts that they are entitled to an input tax credit under the provisions of this Act, they must bear the burden of substantiating this claim. The onus to prove the legitimacy of the claim rests entirely on the individual making such a declaration.

Ensuring Accountability

This provision emphasizes the importance of accountability in the tax system. It underscores the need for individuals to not only make claims but also to provide credible evidence supporting their eligibility for the input tax credit. This measure is crucial in maintaining transparency and integrity in the taxation process.

Conclusion

In conclusion, Section 155 serves as a reminder that in the world of taxation, the responsibility of proving eligibility falls on the claimant. This provision seeks to establish a clear framework for accountability, ensuring that those seeking benefits under the Act can substantiate their claims with concrete evidence.