INPUT TAX CREDIT
sudalaimuthu,
(Querist) 11 January 2009
This query is : Resolved
hi friends,
Plz clarify that if i am procuring materials for construction of wind mill for generation of power for running of machinery in the manufacturing of goods for sale, wheather i can take ITC(Input Tax Credit Claim) under Tamil Nadu VAT Act.
and what is the position in this regard in the other states Acts.
rajesh garg
(Expert) 26 January 2009
its depend upon what type of materials you have procured.if it is capital goods,industrial inputs or packing materials u can avail itc.