Supreme Court clarifies Input Tax Credit on By-Products under KVAT Act: State of Karnataka vs. M/S. M.K. Agro Tech Pvt. Ltd. (22 September 2017)

/ A.K. Sikri, Ashok Bhushan, Input Tax Credit, Judges, Karnataka Value Added Tax Act, 2003, Karnataka Value Added Tax Act, 2003 with Section 11, Karnataka Value Added Tax Act, 2003 with Section 17

LEGAL ISSUE: Interpretation of input tax credit provisions when a by-product is generated during the manufacturing process and sold as an exempted good. CASE TYPE: Tax Law – Karnataka Value Added Tax Act, 2003 Case Name: The State of Karnataka v. M/S. M.K. Agro Tech Pvt. Ltd. Judgment Date: 22 September 2017 Introduction Date of […]

Supreme Court clarifies Input Tax Credit on By-Products under KVAT Act: State of Karnataka vs. M/S. M.K. Agro Tech Pvt. Ltd. (22 September 2017) Read Post »