https://www.taxtmi.com/caselaws?id=348550 Section 11(3)(b) of the Gujarat Value Added Tax Act, 2003 treats tax credit as a statutory concession subject to restriction. Sub-clause (ii), covering branch transfer of goods outside the State, and sub-clause (iii), covering fuels used in manufacture, are separate event-based contingencies; where both are satisfied, the reduction may apply under each sub-clause because the provision does not link them with an "or". The reduction is nevertheless capped by the tax credit actually available, so it cannot exceed the VAT credit earned on the relevant goods. en-us Fri, 22 Sep 2017 00:00:00 +0530 Mon, 27 Apr 2020 13:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348550 Section 11(3)(b) of the Gujarat Value Added Tax Act, 2003 treats tax credit as a statutory concession subject to restriction. Sub-clause (ii), covering branch transfer of goods outside the State, and sub-clause (iii), covering fuels used in manufacture, are separate event-based contingencies; where both are satisfied, the reduction may apply under each sub-clause because the provision does not link them with an "or". The reduction is nevertheless capped by the tax credit actually available, so it cannot exceed the VAT credit earned on the relevant goods. Case-Laws VAT and Sales Tax Fri, 22 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348550