https://www.taxtmi.com/caselaws?id=162918 Section 41(1) of the Kerala Value Added Tax Act permits adjustment where taxable goods are returned after sale within the prescribed time, through a credit note in the prescribed form. Rule 59 prescribes Form No. 9 for credit and debit notes, and its requirement for corresponding notes operates as a verification mechanism for claims concerning returned goods. The requirement does not replace or add arbitrary conditions to the statutory entitlement. As the provision grants a limited reversal of the effect of a completed sale, compliance with the prescribed form and its accompanying requirements is to be strict. The Form No. 9 note is valid and not ultra vires section 41(1). en-us Thu, 18 Oct 2007 00:00:00 +0530 Sat, 20 Dec 2014 14:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=162918 Section 41(1) of the Kerala Value Added Tax Act permits adjustment where taxable goods are returned after sale within the prescribed time, through a credit note in the prescribed form. Rule 59 prescribes Form No. 9 for credit and debit notes, and its requirement for corresponding notes operates as a verification mechanism for claims concerning returned goods. The requirement does not replace or add arbitrary conditions to the statutory entitlement. As the provision grants a limited reversal of the effect of a completed sale, compliance with the prescribed form and its accompanying requirements is to be strict. The Form No. 9 note is valid and not ultra vires section 41(1). Case-Laws VAT and Sales Tax Thu, 18 Oct 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=162918