https://www.taxtmi.com/caselaws?id=755078 Advance tax collected under an anti-evasion circular on timber brought into Kerala did not qualify as input tax because it was not tax paid on a purchase transaction between registered dealers in the course of business. As the goods were only stock-transferred outside the State and there was no taxable sale, the restriction and refund mechanism under Section 13 of the Kerala Value Added Tax Act, 2003 did not apply to deny full credit. The assessee was therefore entitled to credit for the entire amount paid under Circular No. 50/2006, and limiting credit to the amount in excess of 4% was unsustainable. en-us Mon, 24 Jun 2024 00:00:00 +0530 Fri, 15 May 2026 14:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755078 Advance tax collected under an anti-evasion circular on timber brought into Kerala did not qualify as input tax because it was not tax paid on a purchase transaction between registered dealers in the course of business. As the goods were only stock-transferred outside the State and there was no taxable sale, the restriction and refund mechanism under Section 13 of the Kerala Value Added Tax Act, 2003 did not apply to deny full credit. The assessee was therefore entitled to credit for the entire amount paid under Circular No. 50/2006, and limiting credit to the amount in excess of 4% was unsustainable. Case-Laws VAT / Sales Tax Mon, 24 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755078