https://www.taxtmi.com/caselaws?id=419708 Input tax credit under the Haryana Value Added Tax Act, 2003 was examined in relation to evaporation loss of petroleum products. The statutory scheme in Section 2(1)(w), Section 8, Schedule E and Rule 40 was read to mean that credit is denied only where the specific goods and circumstances attached to the relevant schedule entry are met. Entry 1 of Schedule E covers petroleum products and natural gas, and its conditions do not import the "otherwise than by sale" circumstance from Entry 5. The exclusion for input tax credit therefore cannot be widened by applying a condition from another entry, and credit remains available on evaporation loss of petroleum products. en-us Mon, 14 Mar 2022 00:00:00 +0530 Thu, 08 Sep 2022 12:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419708 Input tax credit under the Haryana Value Added Tax Act, 2003 was examined in relation to evaporation loss of petroleum products. The statutory scheme in Section 2(1)(w), Section 8, Schedule E and Rule 40 was read to mean that credit is denied only where the specific goods and circumstances attached to the relevant schedule entry are met. Entry 1 of Schedule E covers petroleum products and natural gas, and its conditions do not import the "otherwise than by sale" circumstance from Entry 5. The exclusion for input tax credit therefore cannot be widened by applying a condition from another entry, and credit remains available on evaporation loss of petroleum products. Case-Laws VAT and Sales Tax Mon, 14 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419708