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.

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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.

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