https://www.taxtmi.com/caselaws?id=417396 Input tax credit under the Jharkhand Value Added Tax Act, 2005 was available only where the statutory conditions in Section 18 were met and the transaction was not excluded by Section 18(8). The 2011 amendment to Section 18(8)(ix) did not create a right to credit on intra-State stock transfers, and the combined reading of Section 18(4)(iii) and Section 18(8)(ix) linked credit to taxable sale or the limited statutory treatment of inter-State stock transfer. Because the record did not show entitlement within those conditions, the refusal of input tax credit on the intra-State stock transfer was sustained. en-us Tue, 10 Aug 2021 00:00:00 +0530 Thu, 26 May 2022 10:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417396 Input tax credit under the Jharkhand Value Added Tax Act, 2005 was available only where the statutory conditions in Section 18 were met and the transaction was not excluded by Section 18(8). The 2011 amendment to Section 18(8)(ix) did not create a right to credit on intra-State stock transfers, and the combined reading of Section 18(4)(iii) and Section 18(8)(ix) linked credit to taxable sale or the limited statutory treatment of inter-State stock transfer. Because the record did not show entitlement within those conditions, the refusal of input tax credit on the intra-State stock transfer was sustained. Case-Laws VAT and Sales Tax Tue, 10 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417396