https://www.taxtmi.com/caselaws?id=409184 Transitional input tax rebate under the VAT regime was conditional on furnishing the prescribed stock particulars within the statutory time limit. Applying strict construction of taxing statutes, the HC treated the filing deadline for Form 74 as an integral part of the transitional scheme and not a merely directory requirement. Because the dealer filed the stock statement after substantial delay, the statutory conditions for the concession were not met. The claim to input tax rebate therefore failed, and the denial of rebate with the consequential demand was upheld. en-us Tue, 22 Jun 2021 00:00:00 +0530 Thu, 01 Jul 2021 07:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409184 Transitional input tax rebate under the VAT regime was conditional on furnishing the prescribed stock particulars within the statutory time limit. Applying strict construction of taxing statutes, the HC treated the filing deadline for Form 74 as an integral part of the transitional scheme and not a merely directory requirement. Because the dealer filed the stock statement after substantial delay, the statutory conditions for the concession were not met. The claim to input tax rebate therefore failed, and the denial of rebate with the consequential demand was upheld. Case-Laws VAT and Sales Tax Tue, 22 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409184