https://www.taxtmi.com/caselaws?id=419008 Input tax credit under the Rajasthan Value Added Tax framework depends on compliance with the prescribed invoice conditions, because Section 18 must be read together with Section 72 of the Act and Rule 38 of the Rules. Rule 38(3) was treated as mandatory, so credit cannot be allowed unless the dealer fully satisfies the invoice requirements in Rules 38(1) and 38(2). Rule 18 operates subject to that invoice-based scheme. As cash transactions were admitted and invoices were absent for several dealings, the factual basis for credit was not established as required by law, and the input tax credit was disallowed. en-us Fri, 28 Jan 2022 00:00:00 +0530 Tue, 01 Mar 2022 20:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419008 Input tax credit under the Rajasthan Value Added Tax framework depends on compliance with the prescribed invoice conditions, because Section 18 must be read together with Section 72 of the Act and Rule 38 of the Rules. Rule 38(3) was treated as mandatory, so credit cannot be allowed unless the dealer fully satisfies the invoice requirements in Rules 38(1) and 38(2). Rule 18 operates subject to that invoice-based scheme. As cash transactions were admitted and invoices were absent for several dealings, the factual basis for credit was not established as required by law, and the input tax credit was disallowed. Case-Laws VAT and Sales Tax Fri, 28 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419008