https://www.taxtmi.com/caselaws?id=166362 Input tax credit under the Kerala Value Added Tax Act is available to a dealer moving from presumptive tax to regular tax only on strict compliance with the prescribed transition procedure. A dealer covered by presumptive tax is excluded from credit, and on changeover must file Form No. 25A, stock inventory and purchase bill statements within time; the assessing authority may allow credit only after verification. Mere later assessment at schedule rate after detection of suppressed turnover does not create an automatic right to credit. On the facts stated, the credit claim was rightly rejected for non-compliance with the statutory requirements. en-us Wed, 06 Jul 2011 00:00:00 +0530 Fri, 19 Sep 2014 16:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=166362 Input tax credit under the Kerala Value Added Tax Act is available to a dealer moving from presumptive tax to regular tax only on strict compliance with the prescribed transition procedure. A dealer covered by presumptive tax is excluded from credit, and on changeover must file Form No. 25A, stock inventory and purchase bill statements within time; the assessing authority may allow credit only after verification. Mere later assessment at schedule rate after detection of suppressed turnover does not create an automatic right to credit. On the facts stated, the credit claim was rightly rejected for non-compliance with the statutory requirements. Case-Laws VAT and Sales Tax Wed, 06 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=166362