https://www.taxtmi.com/caselaws?id=442823 Input tax credit was restricted because the assessee failed to produce clear accounts or records showing that the credit related only to local purchases used for goods sold within the State and not to stock transferred outside the State. In the absence of proper bifurcation between intra-State sales and outside-State transfers, the claim could not be verified as falling wholly outside the restriction in the third proviso to Section 11(3) of the Kerala Value Added Tax Act. The concurrent factual finding that proportionate disallowance of input tax credit was justified was therefore not interfered with. en-us Wed, 09 Aug 2023 00:00:00 +0530 Tue, 12 Sep 2023 09:23:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442823 Input tax credit was restricted because the assessee failed to produce clear accounts or records showing that the credit related only to local purchases used for goods sold within the State and not to stock transferred outside the State. In the absence of proper bifurcation between intra-State sales and outside-State transfers, the claim could not be verified as falling wholly outside the restriction in the third proviso to Section 11(3) of the Kerala Value Added Tax Act. The concurrent factual finding that proportionate disallowance of input tax credit was justified was therefore not interfered with. Case-Laws VAT and Sales Tax Wed, 09 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442823