https://www.taxtmi.com/article/detailed?id=5599 The proviso to section 13(1) of the Punjab VAT Act, amended w.e.f. 01.04.2014, makes input tax credit available only when goods are actually sold or actually used in manufacture, processing or packing for sale, inter state trade or export, thereby denying credit for goods held in stock until sale or consumption and requiring detailed stock records, apportionment for exporters and manufacturers, and timing adjustments at year end. en-us Fri, 02 May 2014 06:27:36 +0530 Fri, 02 May 2014 06:27:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5599 The proviso to section 13(1) of the Punjab VAT Act, amended w.e.f. 01.04.2014, makes input tax credit available only when goods are actually sold or actually used in manufacture, processing or packing for sale, inter state trade or export, thereby denying credit for goods held in stock until sale or consumption and requiring detailed stock records, apportionment for exporters and manufacturers, and timing adjustments at year end. Articles Value Added Tax - VAT and CST Fri, 02 May 2014 06:27:36 +0530 https://www.taxtmi.com/article/detailed?id=5599