https://www.taxtmi.com/caselaws?id=164180 Input tax credit on stock held on the appointed date under the Punjab Value Added Tax Act and Rules was analysed in the context of sections 13 and 14 and rule 25. The note explains that the statutory time limit for filing the claim must be read purposively in a transitory VAT regime, because requiring compliance before the Rules were published would make filing impossible and would defeat the credit mechanism. On that construction, substantive entitlement to input tax credit should not be defeated merely by delay in filing the claim. 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 under the Punjab Value Added Tax Act and Rules was analysed in the context of sections 13 and 14 and rule 25. The note explains that the statutory time limit for filing the claim must be read purposively in a transitory VAT regime, because requiring compliance before the Rules were published would make filing impossible and would defeat the credit mechanism. On that construction, substantive entitlement to input tax credit should not be defeated merely by delay in filing the claim. Case-Laws VAT and Sales Tax Wed, 28 Oct 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=164180