https://www.taxtmi.com/caselaws?id=355352 Input tax credit under Section 10(3) of the Karnataka VAT Act is stated to arise from the substantive charging scheme and not to be defeated merely because the claim relates to a different tax period or was not made in the immediate return. Section 35 is treated as a procedural return-filing mechanism that cannot override substantive credit where the claim is supported by valid invoices and is not shown to be fictitious or bogus. The analysis further links input tax credit to the VAT chain as an indefeasible credit and notes that denial on such grounds would be inconsistent with Article 265. en-us Tue, 06 Feb 2018 00:00:00 +0530 Tue, 19 Feb 2019 14:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355352 Input tax credit under Section 10(3) of the Karnataka VAT Act is stated to arise from the substantive charging scheme and not to be defeated merely because the claim relates to a different tax period or was not made in the immediate return. Section 35 is treated as a procedural return-filing mechanism that cannot override substantive credit where the claim is supported by valid invoices and is not shown to be fictitious or bogus. The analysis further links input tax credit to the VAT chain as an indefeasible credit and notes that denial on such grounds would be inconsistent with Article 265. Case-Laws VAT and Sales Tax Tue, 06 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355352