https://www.taxtmi.com/caselaws?id=373446 Input tax credit on incentive amounts was held unsustainable where the credit notes were not issued in the prescribed Form No. 9 and did not contain the details required to support the claim. Rule 59 of the Kerala Value Added Tax Rules, 2005, read with section 41 of the Kerala Value Added Tax Act, 2003, was treated as requiring prescribed credit-note compliance for such claims. The assessee also failed to revise the return after the audit discrepancy was noticed under section 42(2). Circular No. 41/2007 did not override these statutory defects, and the disallowance of credit was upheld. en-us Tue, 03 Jul 2018 00:00:00 +0530 Mon, 14 Jan 2019 07:32:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373446 Input tax credit on incentive amounts was held unsustainable where the credit notes were not issued in the prescribed Form No. 9 and did not contain the details required to support the claim. Rule 59 of the Kerala Value Added Tax Rules, 2005, read with section 41 of the Kerala Value Added Tax Act, 2003, was treated as requiring prescribed credit-note compliance for such claims. The assessee also failed to revise the return after the audit discrepancy was noticed under section 42(2). Circular No. 41/2007 did not override these statutory defects, and the disallowance of credit was upheld. Case-Laws VAT and Sales Tax Tue, 03 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373446