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Issues: Whether the assessee was entitled to input tax credit on purchases relating to sales made to manufacturer-exporters against Form-E, where the outward sale was exempt under Section 7(c) of the Uttar Pradesh Value Added Tax Act, 2008 and the credit had been reversed under Section 13(7) of that Act.
Analysis: The sale of the goods to manufacturer-exporters against Form-E was exempt from tax under Section 7(c) of the Uttar Pradesh Value Added Tax Act, 2008 by the relevant notification. Section 13(7) specifically denies input tax credit in respect of goods where the sale of such goods is exempt under Section 7(c), subject to limited exceptions not applicable on the facts. On the admitted facts, the assessee's transactions fell within the statutory bar, and the reversal of input tax credit by the Assessing Authority was in accordance with the Act.
Conclusion: The assessee was not entitled to input tax credit, and the reversal of credit was upheld in favour of Revenue.
Ratio Decidendi: Where the sale of goods is exempt under Section 7(c) of the Uttar Pradesh Value Added Tax Act, 2008, input tax credit on purchases relatable to such exempt sales is barred by Section 13(7), subject only to the statutory exceptions expressly provided.
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