input tax credit under kvat law

VASANTH D JAGANATH (Querist) 15 June 2008 This query is : Resolved
goods vehile used for transportation of goods [raw materials and finished goods] whether input tax credit can be claimed under kvat law

sl.no.1 of fifth schedule abgstruct the input tax credit on such use or not?

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Guest (Expert) 16 June 2008
The restrictions in section 11(6) of the KVAT apply. Therules have been modified now from 1.4.2008. Kindly re frame your question after looking through the amended rules and act.

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