https://www.taxtmi.com/caselaws?id=198868 The court upheld the constitutionality of Section 10(3) of the Karnataka Value Added Tax Act, 2003, allowing dealers to deduct input tax from output tax liability regardless of invoice timing. It ruled that the 2015 amendment, permitting input tax credit for purchases made in the prior five months, should have retrospective effect from April 1, 2005. The court quashed impugned orders and notices of demand, granting petitioners the freedom to address any additional issues. en-us Tue, 29 Mar 2016 00:00:00 +0530 Sat, 17 Mar 2018 13:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198868 The court upheld the constitutionality of Section 10(3) of the Karnataka Value Added Tax Act, 2003, allowing dealers to deduct input tax from output tax liability regardless of invoice timing. It ruled that the 2015 amendment, permitting input tax credit for purchases made in the prior five months, should have retrospective effect from April 1, 2005. The court quashed impugned orders and notices of demand, granting petitioners the freedom to address any additional issues. Case-Laws VAT and Sales Tax Tue, 29 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198868