https://www.taxtmi.com/caselaws?id=371650 Input tax credit under the Kerala Value Added Tax Act was confined to the tax rate prescribed in the Schedule for the relevant commodity, so excess tax actually paid on purchase did not enlarge credit entitlement and had to be pursued, if at all, by refund. The Court also held that only commodities genuinely falling within the paint category could attract the higher rate: white base, enamels, thinner and primer qualified on the facts, but wall putty, wood polish, CEM and white cement did not. The assessment was therefore remitted for recomputation on that limited basis. en-us Thu, 13 Sep 2018 00:00:00 +0530 Sat, 08 Dec 2018 06:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371650 Input tax credit under the Kerala Value Added Tax Act was confined to the tax rate prescribed in the Schedule for the relevant commodity, so excess tax actually paid on purchase did not enlarge credit entitlement and had to be pursued, if at all, by refund. The Court also held that only commodities genuinely falling within the paint category could attract the higher rate: white base, enamels, thinner and primer qualified on the facts, but wall putty, wood polish, CEM and white cement did not. The assessment was therefore remitted for recomputation on that limited basis. Case-Laws VAT and Sales Tax Thu, 13 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371650