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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Input tax credit under Delhi VAT Act must be adjusted for goods used in exempt sales like scrap production.</h1> The Delhi Value Added Tax Act, 2004 mandates that input tax credit must be proportionately reduced if purchased goods are used for purposes other than local sales. This applies even if goods are used as raw materials in manufacturing taxable goods, and scrap, exempt from VAT, is produced and sold. The determination of input tax credit eligibility is based on whether the inputs contribute to local taxable sales, interstate sales, or exports. If inputs result in both taxable and exempt sales, the input tax credit must be adjusted accordingly. This ruling is made under the authority of the Commissioner of Value Added Tax.
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