https://www.taxtmi.com/caselaws?id=183309 The court held that Input Tax Credit (ITC) on packing material for stock transfers to other states under the Uttarakhand VAT Act was not automatic. The subsequent Circular aligning with the correct interpretation of Section 6 superseded the earlier Circular mandating ITC, emphasizing that stock transfers without sale did not entitle automatic ITC. The court upheld the constitutionality of the proviso to Section 6(3) of the Act, stating that the State's VAT regulations did not violate Articles 301 and 304 of the Constitution of India. The petitions were dismissed, affirming the State's VAT regulations and Circulars' validity. en-us Mon, 06 Apr 2015 00:00:00 +0530 Sat, 18 Jun 2016 18:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183309 The court held that Input Tax Credit (ITC) on packing material for stock transfers to other states under the Uttarakhand VAT Act was not automatic. The subsequent Circular aligning with the correct interpretation of Section 6 superseded the earlier Circular mandating ITC, emphasizing that stock transfers without sale did not entitle automatic ITC. The court upheld the constitutionality of the proviso to Section 6(3) of the Act, stating that the State's VAT regulations did not violate Articles 301 and 304 of the Constitution of India. The petitions were dismissed, affirming the State's VAT regulations and Circulars' validity. Case-Laws VAT and Sales Tax Mon, 06 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183309