https://www.taxtmi.com/caselaws?id=200048 Input tax credit under the Tamil Nadu Value Added Tax Act is available only when the purchase satisfies Section 19(1) and concerns taxable goods specified in the First Schedule. Although DEPB licences are treated as goods, they do not fall within the First Schedule or the specific entitlement categories under Section 19(2), and therefore duty paid on their purchase cannot support input tax credit; the denial was upheld. On the construction of Section 19(2), the six clauses were treated as enumerative rather than exhaustive, so the provision does not close the field of entitlement beyond the situations expressly stated. en-us Tue, 12 Apr 2016 00:00:00 +0530 Sat, 17 Mar 2018 20:42:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200048 Input tax credit under the Tamil Nadu Value Added Tax Act is available only when the purchase satisfies Section 19(1) and concerns taxable goods specified in the First Schedule. Although DEPB licences are treated as goods, they do not fall within the First Schedule or the specific entitlement categories under Section 19(2), and therefore duty paid on their purchase cannot support input tax credit; the denial was upheld. On the construction of Section 19(2), the six clauses were treated as enumerative rather than exhaustive, so the provision does not close the field of entitlement beyond the situations expressly stated. Case-Laws VAT and Sales Tax Tue, 12 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200048