https://www.taxtmi.com/caselaws?id=164147 Section 4BB of the U.P. Trade Tax Act allows set-off for tax paid on raw material or packing material used in manufacturing notified finished goods, and it does not prescribe any particular mode of payment. Tax assessed on an exempt dealer's turnover and adjusted against the dealer's eligibility certificate is treated as payment in law, because the exemption operates in favour of the dealer and adjustment is a recognised discharge of tax liability. On that basis, the statutory payment requirement was satisfied and the assessee was entitled to the set-off. en-us Tue, 11 May 2010 00:00:00 +0530 Tue, 07 Oct 2014 16:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=164147 Section 4BB of the U.P. Trade Tax Act allows set-off for tax paid on raw material or packing material used in manufacturing notified finished goods, and it does not prescribe any particular mode of payment. Tax assessed on an exempt dealer's turnover and adjusted against the dealer's eligibility certificate is treated as payment in law, because the exemption operates in favour of the dealer and adjustment is a recognised discharge of tax liability. On that basis, the statutory payment requirement was satisfied and the assessee was entitled to the set-off. Case-Laws VAT and Sales Tax Tue, 11 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=164147