https://www.taxtmi.com/caselaws?id=348551 Section 17 of the Karnataka Value Added Tax Act, read with Rule 131, requires apportionment of input tax where a registered dealer makes both taxable and exempt sales. The provision is triggered by the sale of exempt goods, and it does not depend on whether the exempt item is a by-product or a principal product. De-oiled sunflower cake remained a saleable exempt good sold by the assessee, so it fell within the statutory scheme for partial rebate. Applying the literal language of the taxing provision, the Court held that only partial input tax rebate was available and that the High Court's view was incorrect. en-us Fri, 22 Sep 2017 00:00:00 +0530 Fri, 06 Jan 2023 10:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348551 Section 17 of the Karnataka Value Added Tax Act, read with Rule 131, requires apportionment of input tax where a registered dealer makes both taxable and exempt sales. The provision is triggered by the sale of exempt goods, and it does not depend on whether the exempt item is a by-product or a principal product. De-oiled sunflower cake remained a saleable exempt good sold by the assessee, so it fell within the statutory scheme for partial rebate. Applying the literal language of the taxing provision, the Court held that only partial input tax rebate was available and that the High Court's view was incorrect. Case-Laws VAT and Sales Tax Fri, 22 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348551