https://www.taxtmi.com/caselaws?id=340988 Running account bills prepared by the Karnataka Water Supply Board were treated as tax invoices for the limited purpose of Rule 27(2) of the Karnataka Value Added Tax Rules, 2005. The proviso was construed as a beneficial provision intended to allow contractors executing Government works to claim input tax credit while final bills are still unavailable. Reading the KVAT Act, 2003 and Rules as a whole, the Court found no basis to exclude the Board from the proviso merely because it was a statutory body. The running account bills therefore qualified for deduction of tax collected, and the revision petition failed. en-us Wed, 15 Feb 2017 00:00:00 +0530 Thu, 30 Mar 2017 08:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340988 Running account bills prepared by the Karnataka Water Supply Board were treated as tax invoices for the limited purpose of Rule 27(2) of the Karnataka Value Added Tax Rules, 2005. The proviso was construed as a beneficial provision intended to allow contractors executing Government works to claim input tax credit while final bills are still unavailable. Reading the KVAT Act, 2003 and Rules as a whole, the Court found no basis to exclude the Board from the proviso merely because it was a statutory body. The running account bills therefore qualified for deduction of tax collected, and the revision petition failed. Case-Laws VAT and Sales Tax Wed, 15 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340988