https://www.taxtmi.com/caselaws?id=436886 Input tax credit under the Tamil Nadu Value Added Tax Act is a statutory benefit that must be substantiated by the purchaser, and retrospective cancellation of the selling dealer's registration does not by itself nullify validly claimed credit. The dealer must still prove the genuineness of the transaction and, where material, the movement or delivery of goods; credit may be denied where that burden is not discharged or the claim is bogus. The 29.01.2016 amendment to the proviso to Section 19(1), which introduced stricter conditions for credit, was treated as a substantive change and therefore prospective. In writ matters involving disputed facts such as turnover, transport and purchase genuineness, statutory appellate remedies were preferred, while non-speaking orders were remitted. en-us Tue, 18 Apr 2023 00:00:00 +0530 Tue, 14 May 2024 11:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436886 Input tax credit under the Tamil Nadu Value Added Tax Act is a statutory benefit that must be substantiated by the purchaser, and retrospective cancellation of the selling dealer's registration does not by itself nullify validly claimed credit. The dealer must still prove the genuineness of the transaction and, where material, the movement or delivery of goods; credit may be denied where that burden is not discharged or the claim is bogus. The 29.01.2016 amendment to the proviso to Section 19(1), which introduced stricter conditions for credit, was treated as a substantive change and therefore prospective. In writ matters involving disputed facts such as turnover, transport and purchase genuineness, statutory appellate remedies were preferred, while non-speaking orders were remitted. Case-Laws VAT and Sales Tax Tue, 18 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436886