Supreme Court · 2025 INSC 231 · Decided 17 February 2025
State of Punjab & ORS. v. Trishala Alloys PVT. LTD.
- Court
- Supreme Court of India
- Citation
- 2025 INSC 231 · [2025] 2 S.C.R. 1948
- Case number
- CIVIL APPEAL No. 2212/2024
- Decided
- 17 February 2025
- Bench
- ABHAY S. OKA, UJJAL BHUYAN (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
Headnote
Whether the State could amend the Punjab Value Added Tax Rules, 2005 to provide that the input tax credit (ITC) already earned on goods kept in stock could be availed at a reduced rate as the rate of tax on the goods stood reduced in the interregnum when there was no statute i.e., the Punjab Value Added Tax Act, 2005. Punjab Value Added Tax Act, 2005 ("Punjab VAT Act") - First proviso to s.13(1) - Amended with effect from 01.04.2014 - Punjab Value Added Tax Rules, 2005 ("Punjab VAT Rules") -
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