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UP VAT Act | Definition Of “Goods” Under Sec. 2(m) And Sec. 13(1)(f) Includes Taxable As Well As Exempted Goods: Supreme Court

The Supreme Court has held that the definition of “Goods” under Section 2 of Uttar Pradesh Value Added Tax Act, 2008 includes both taxable as well as exempted goods. It was further held that “goods” in Section 13 of UP VAT Act means only the taxable goods. ISSUE Whether the scope of the word “goods” as defined under Section 2 …

Supreme Court

UP VAT Act | Assessee Entitled To Claim Full Input Tax Credit On Exempted Goods Produced As By-Products Or Waste Products During Manufacturing Of Taxable Goods : Supreme Court

The Supreme Court while relying on Explanation to Section 13 of Uttar Pradesh Value Added Tax Act, 2008, has held that if during the manufacture of any taxable good any tax exempted goods are produced as by-product/waste product, then it shall be deemed that the goods purchased from within the State for such manufacturing have been used in manufacture of …