2024 (1) TMI 1264 - SCH - VAT and Sales Tax

Input tax credit - eligibility of benefit of input tax credit claimed after six months from the date of invoice - Section 10(3) of the K-VAT Act - it was held by High Court that The assessees shall be eligible to avail the input tax credit as and when the tax is paid by them, without any limitation of time - HELD THAT - In the facts and circumstances of the present case and particularly having regard to the nature of the transactions involved, it is not required to interfere in the matter. SLP dismissed - since this special leave petition is dismissed on merits of this case, in the interest of justice, the delay is also condoned.

Summary

The Supreme Court of India dismissed the Special Leave Petition due to a delay of 266 days in filing. The court heard the State of Karnataka and decided not to interfere in the matter. The delay was condoned in the interest of justice. The court kept the question of law open for future cases.