https://www.taxtmi.com/caselaws?id=330865 Input tax credit under the Punjab VAT Act was held admissible in full on pet coke used for generation of electrical energy for captive consumption. Section 13(1) allows credit on taxable purchases used in the course of business, while Section 13(4) imposes only a limited restriction on specified fuels and lubricants, and Section 13(5)(i) otherwise excludes goods used in generation of electricity but expressly restores credit for captive consumption subject to Section 13(4). As pet coke was not among the specifically excluded goods, the provisions were read harmoniously and credit could not be denied by an expansive reading of the restriction. en-us Thu, 04 Aug 2016 00:00:00 +0530 Sat, 06 Aug 2016 14:55:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330865 Input tax credit under the Punjab VAT Act was held admissible in full on pet coke used for generation of electrical energy for captive consumption. Section 13(1) allows credit on taxable purchases used in the course of business, while Section 13(4) imposes only a limited restriction on specified fuels and lubricants, and Section 13(5)(i) otherwise excludes goods used in generation of electricity but expressly restores credit for captive consumption subject to Section 13(4). As pet coke was not among the specifically excluded goods, the provisions were read harmoniously and credit could not be denied by an expansive reading of the restriction. Case-Laws VAT and Sales Tax Thu, 04 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330865