https://www.taxtmi.com/caselaws?id=259421 Admissible input tax credit, once determined on assessment under the Gujarat VAT scheme, must be adjusted against the dealer's current-year output tax liability, and any remaining balance may then be considered for set-off against central sales tax liability. A mere excess claim in the return form does not defeat the statutory entitlement to the credit actually found admissible. Interest is chargeable only on the tax amount that remains due after giving effect to the admissible input tax credit and other permitted adjustments. en-us Fri, 24 Apr 2015 00:00:00 +0530 Sat, 09 May 2015 19:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259421 Admissible input tax credit, once determined on assessment under the Gujarat VAT scheme, must be adjusted against the dealer's current-year output tax liability, and any remaining balance may then be considered for set-off against central sales tax liability. A mere excess claim in the return form does not defeat the statutory entitlement to the credit actually found admissible. Interest is chargeable only on the tax amount that remains due after giving effect to the admissible input tax credit and other permitted adjustments. Case-Laws VAT and Sales Tax Fri, 24 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259421