https://www.taxtmi.com/caselaws?id=254566 Section 11(6) of the Gujarat Value Added Tax Act, 2003 was upheld because input tax credit under section 11 was expressly made subject to statutory exceptions, and the Government's power to specify goods or classes of dealers for partial or full denial of credit was treated as part of the Act's value-added tax scheme. The provision was therefore not found to confer unguided discretion or offend Article 14. Notifications issued under that power, reducing input tax credit by 2% for specified interstate transactions, were also upheld as intra vires and constitutionally valid, because they operated on the local credit mechanism and did not alter the Central Sales Tax regime or contravene Articles 286(3), 301 or 304(b). en-us Tue, 22 Jul 2014 00:00:00 +0530 Fri, 24 Jul 2015 16:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254566 Section 11(6) of the Gujarat Value Added Tax Act, 2003 was upheld because input tax credit under section 11 was expressly made subject to statutory exceptions, and the Government's power to specify goods or classes of dealers for partial or full denial of credit was treated as part of the Act's value-added tax scheme. The provision was therefore not found to confer unguided discretion or offend Article 14. Notifications issued under that power, reducing input tax credit by 2% for specified interstate transactions, were also upheld as intra vires and constitutionally valid, because they operated on the local credit mechanism and did not alter the Central Sales Tax regime or contravene Articles 286(3), 301 or 304(b). Case-Laws VAT and Sales Tax Tue, 22 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254566