https://www.taxtmi.com/caselaws?id=429513 Input tax credit on purchase returns under the Kerala Value Added Tax regime is confined to returns made within the prescribed 90-day period. The statutory scheme links credit and refund adjustments to the corresponding output tax position, so where goods are returned within time, the selling dealer may claim the related deduction and refund mechanism. If the return is made after 90 days, that statutory benefit does not arise and the purchaser cannot claim input tax credit on the returned goods. The revisional challenge disclosed no legal error warranting interference, and the adverse finding was sustained. en-us Mon, 26 Sep 2022 00:00:00 +0530 Mon, 31 Oct 2022 08:13:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429513 Input tax credit on purchase returns under the Kerala Value Added Tax regime is confined to returns made within the prescribed 90-day period. The statutory scheme links credit and refund adjustments to the corresponding output tax position, so where goods are returned within time, the selling dealer may claim the related deduction and refund mechanism. If the return is made after 90 days, that statutory benefit does not arise and the purchaser cannot claim input tax credit on the returned goods. The revisional challenge disclosed no legal error warranting interference, and the adverse finding was sustained. Case-Laws VAT and Sales Tax Mon, 26 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429513