https://www.taxtmi.com/caselaws?id=254801 Input tax credit under the VAT regime is a statutory concession, not an indefeasible right, so the Legislature may impose conditions and restrictions to prevent excess credit and tax leakage. Applying the strong presumption of constitutionality in fiscal legislation, the Court held that section 18(3A) of the Rajasthan Value Added Tax Act, 2003 operates as a valid restriction in the statutory scheme and is not arbitrary or violative of Articles 14, 19(1)(g) or 300A. The constitutional challenge therefore failed and the provision was upheld. en-us Wed, 12 Nov 2014 00:00:00 +0530 Sat, 24 Oct 2015 11:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254801 Input tax credit under the VAT regime is a statutory concession, not an indefeasible right, so the Legislature may impose conditions and restrictions to prevent excess credit and tax leakage. Applying the strong presumption of constitutionality in fiscal legislation, the Court held that section 18(3A) of the Rajasthan Value Added Tax Act, 2003 operates as a valid restriction in the statutory scheme and is not arbitrary or violative of Articles 14, 19(1)(g) or 300A. The constitutional challenge therefore failed and the provision was upheld. Case-Laws VAT and Sales Tax Wed, 12 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254801