https://www.taxtmi.com/caselaws?id=405307 The HC dismissed the writ appeals, ruling that the appellant company cannot claim input tax credit based solely on Form VAT 240 without including it in the mandatory monthly returns as required by the KVAT Act. The court upheld the interpretation of Section 10(3) by the Commissioner of Commercial Taxes and the learned Single Judge, confirming that Form VAT 240 is not a substitute for the statutory returns. The court found no discrimination among dealers and deemed the reliance on previous judgments appropriate, affirming that compliance with statutory provisions is essential for claiming input tax credit. en-us Fri, 05 Feb 2021 00:00:00 +0530 Tue, 29 Oct 2024 11:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405307 The HC dismissed the writ appeals, ruling that the appellant company cannot claim input tax credit based solely on Form VAT 240 without including it in the mandatory monthly returns as required by the KVAT Act. The court upheld the interpretation of Section 10(3) by the Commissioner of Commercial Taxes and the learned Single Judge, confirming that Form VAT 240 is not a substitute for the statutory returns. The court found no discrimination among dealers and deemed the reliance on previous judgments appropriate, affirming that compliance with statutory provisions is essential for claiming input tax credit. Case-Laws VAT / Sales Tax Fri, 05 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405307