https://www.taxtmi.com/caselaws?id=755773 Input tax credit under Section 10(3) of the Karnataka Value Added Tax Act, 2003 cannot be denied merely because the claim was made belatedly, as no express limitation period is prescribed and no time bar can be implied from the statutory scheme. The court accepted that input tax credit is a substantive and indefeasible entitlement, and that procedural requirements governing returns cannot defeat genuine credit claims where the invoices and entitlement are otherwise verifiable. A claim will not fail only because the invoices relate to a different tax period. The revision petition was not entertained. en-us Mon, 18 Dec 2023 00:00:00 +0530 Thu, 18 Jul 2024 18:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755773 Input tax credit under Section 10(3) of the Karnataka Value Added Tax Act, 2003 cannot be denied merely because the claim was made belatedly, as no express limitation period is prescribed and no time bar can be implied from the statutory scheme. The court accepted that input tax credit is a substantive and indefeasible entitlement, and that procedural requirements governing returns cannot defeat genuine credit claims where the invoices and entitlement are otherwise verifiable. A claim will not fail only because the invoices relate to a different tax period. The revision petition was not entertained. Case-Laws VAT / Sales Tax Mon, 18 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755773