https://www.taxtmi.com/caselaws?id=331014 Input tax credit under the Punjab VAT regime cannot be denied solely because the VAT invoice omitted the printed particulars required by Rule 54 where other evidence shows a genuine purchase and tax payment by the seller. The scheme of Section 13 and the related rules was treated as requiring proof of a bona fide transaction and supporting records, not rigid compliance with invoice form as the only test. Rule 54 was treated as procedural and evidentiary rather than mandatory in every case, so a technical defect in the invoice does not automatically defeat the credit claim. The rejection was therefore set aside and the matter remitted for fresh examination of genuineness and entitlement. en-us Tue, 02 Aug 2016 00:00:00 +0530 Mon, 27 Mar 2017 16:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331014 Input tax credit under the Punjab VAT regime cannot be denied solely because the VAT invoice omitted the printed particulars required by Rule 54 where other evidence shows a genuine purchase and tax payment by the seller. The scheme of Section 13 and the related rules was treated as requiring proof of a bona fide transaction and supporting records, not rigid compliance with invoice form as the only test. Rule 54 was treated as procedural and evidentiary rather than mandatory in every case, so a technical defect in the invoice does not automatically defeat the credit claim. The rejection was therefore set aside and the matter remitted for fresh examination of genuineness and entitlement. Case-Laws VAT and Sales Tax Tue, 02 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331014