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2022 (12) TMI 265 - HC - VAT and Sales TaxInput Tax Credit - Works Contract - claim for the credit only for the tax period to which such purchases pertain based on the date indicated on the tax invoices - HELD THAT:- The fact that by mutual inter se arrangement the appellant was required to reimburse the tax component to the selling dealer at a point in time much which was later than when the tax invoices were raised, would not enable the appellant to take credit of the input tax paid on such purchases. The Tribunal has reached the right conclusion, although there is only reference to Section 9(3) of the 2004 Act. Rule 4(c) of the 2005 Rules, provides clarity as to how the expression arising in the tax period is required to be understood, for claiming credit of the input tax. The question of law, as framed, is decided in favour of the respondents/revenue and against the appellant/assessee - Appeal disposed off.
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