https://www.taxtmi.com/caselaws?id=164180 Input tax credit on stock held on the appointed date cannot be denied solely because the claim was filed after the prescribed period where the VAT Rules were not published in time for compliance. Sections 13 and 14 of the Punjab Value Added Tax Act and rule 25 of the Punjab Value Added Tax Rules must be construed purposively within the transitory VAT regime. Requiring compliance with a filing deadline before publication of the rules would make compliance impossible and defeat the credit mechanism. The substantive entitlement to input tax credit therefore remains available despite delayed filing in those circumstances. en-us Wed, 28 Oct 2009 00:00:00 +0530 Tue, 28 Oct 2014 14:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=164180 Input tax credit on stock held on the appointed date cannot be denied solely because the claim was filed after the prescribed period where the VAT Rules were not published in time for compliance. Sections 13 and 14 of the Punjab Value Added Tax Act and rule 25 of the Punjab Value Added Tax Rules must be construed purposively within the transitory VAT regime. Requiring compliance with a filing deadline before publication of the rules would make compliance impossible and defeat the credit mechanism. The substantive entitlement to input tax credit therefore remains available despite delayed filing in those circumstances. Case-Laws VAT and Sales Tax Wed, 28 Oct 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=164180