https://www.taxtmi.com/caselaws?id=448857 Input tax credit under the Tamil Nadu VAT framework is a statutory concession, not an absolute right, and must be claimed only on strict compliance with the prescribed conditions. Section 19(15) was upheld because no constitutional violation was shown, and its requirement for reversal of credit where the seller's registration has been cancelled was treated as part of the statutory scheme. Where the purchasing dealer bought goods after the seller's registration had already been cancelled, the tax invoice did not override the need for a subsisting registration, and reversal of input tax credit was held to be legally permissible. en-us Wed, 24 Jan 2024 00:00:00 +0530 Thu, 01 Feb 2024 07:43:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448857 Input tax credit under the Tamil Nadu VAT framework is a statutory concession, not an absolute right, and must be claimed only on strict compliance with the prescribed conditions. Section 19(15) was upheld because no constitutional violation was shown, and its requirement for reversal of credit where the seller's registration has been cancelled was treated as part of the statutory scheme. Where the purchasing dealer bought goods after the seller's registration had already been cancelled, the tax invoice did not override the need for a subsisting registration, and reversal of input tax credit was held to be legally permissible. Case-Laws VAT and Sales Tax Wed, 24 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448857