https://www.taxtmi.com/caselaws?id=233549 Input tax credit on opening stock under the Kerala Value Added Tax Act was confined to a registered dealer on the relevant date. Because the petitioner was not registered on 31-3-2005, it failed the statutory condition for claiming credit on stock as on 1-4-2005. The Court also rejected the argument based on continuity of business, holding that the claimant was a later reconstituted partnership and not the same entity that carried on the earlier business. Decisions on retrospective registration and exemption claims were distinguished as arising under different statutory settings. The claim for input tax credit therefore could not be sustained. en-us Thu, 29 Mar 2012 00:00:00 +0530 Thu, 17 Jul 2014 11:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=233549 Input tax credit on opening stock under the Kerala Value Added Tax Act was confined to a registered dealer on the relevant date. Because the petitioner was not registered on 31-3-2005, it failed the statutory condition for claiming credit on stock as on 1-4-2005. The Court also rejected the argument based on continuity of business, holding that the claimant was a later reconstituted partnership and not the same entity that carried on the earlier business. Decisions on retrospective registration and exemption claims were distinguished as arising under different statutory settings. The claim for input tax credit therefore could not be sustained. Case-Laws VAT and Sales Tax Thu, 29 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=233549