https://www.taxtmi.com/caselaws?id=244816 Section 11(3)(b) of the Gujarat Value Added Tax Act, 2003 was interpreted to mean that reduction of tax credit cannot exceed the credit actually available to the dealer. The proviso was read in line with legislative intent and to avoid an interpretation that would nullify the credit itself. Applying the earlier settled construction, the Tribunal's view was held consistent with the provision, and the challenge to that interpretation failed. en-us Fri, 13 Dec 2013 00:00:00 +0530 Sat, 08 Mar 2014 06:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244816 Section 11(3)(b) of the Gujarat Value Added Tax Act, 2003 was interpreted to mean that reduction of tax credit cannot exceed the credit actually available to the dealer. The proviso was read in line with legislative intent and to avoid an interpretation that would nullify the credit itself. Applying the earlier settled construction, the Tribunal's view was held consistent with the provision, and the challenge to that interpretation failed. Case-Laws VAT and Sales Tax Fri, 13 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244816