https://www.taxtmi.com/caselaws?id=248857 Input-tax credit under section 76(6)(c) of the Uttaranchal Value Added Tax Act, 2005 is linked to the "tax charged" in the invoice, meaning the quantified tax liability reflected there and not necessarily cash remittance by the seller. Where the tax has been lawfully adjusted or set off under the scheme, the purchasing dealer's credit is not defeated by non-payment in cash. A departmental circular restricting credit to actual cash payment was therefore inconsistent with the statute, and the notice based on that circular lacked legal foundation. en-us Wed, 06 Jul 2011 00:00:00 +0530 Thu, 26 Jun 2014 12:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248857 Input-tax credit under section 76(6)(c) of the Uttaranchal Value Added Tax Act, 2005 is linked to the "tax charged" in the invoice, meaning the quantified tax liability reflected there and not necessarily cash remittance by the seller. Where the tax has been lawfully adjusted or set off under the scheme, the purchasing dealer's credit is not defeated by non-payment in cash. A departmental circular restricting credit to actual cash payment was therefore inconsistent with the statute, and the notice based on that circular lacked legal foundation. Case-Laws VAT and Sales Tax Wed, 06 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248857