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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Amendment to DVAT Act Section 9(1) allows tax credit claims; Rule 6A added for clarity; objections u/s 74.</h1> An amendment to Section 9(1) of the DVAT Act, 2004, effective from April 1, 2010, allows registered dealers to claim a tax credit on purchases proportional to goods sold. Rule 6A was added to facilitate this amendment. The Sales Tax Bar Association and Trade Associations raised concerns about calculating input tax credit (ITC) on closing stock. The department clarified that the method for calculating ITC should be fair and reasonable. The Commissioner can reject a dealer's method and prescribe alternatives. Dealers can object to the Commissioner's decisions under Section 74 of the Act.
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