https://www.taxtmi.com/article/detailed?id=5767 Where a statutory provision prescribes a deadline for claiming input tax credit and specifies non entitlement upon non compliance, the provision is to be read as mandatory: the dealer must claim the credit before the end of the financial year or within ninety days of purchase, and failure to comply results in forfeiture of the concession, reflecting the Legislature's intention to verify entries and prevent tax avoidance. en-us Tue, 05 Aug 2014 02:26:24 +0530 Tue, 05 Aug 2014 02:26:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5767 Where a statutory provision prescribes a deadline for claiming input tax credit and specifies non entitlement upon non compliance, the provision is to be read as mandatory: the dealer must claim the credit before the end of the financial year or within ninety days of purchase, and failure to comply results in forfeiture of the concession, reflecting the Legislature's intention to verify entries and prevent tax avoidance. Articles Value Added Tax - VAT and CST Tue, 05 Aug 2014 02:26:24 +0530 https://www.taxtmi.com/article/detailed?id=5767