Input Tax Credit

Advocate and Tax Consultant sudalaipearls@rediffmail.com

 

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. 

 
Reply   
 

Under KVAT Act, [Karnataka Value Added Tax Act, 2003] taxable inputs used for sale of exempted goods is not vatable


Regards


Vasanth D Jaganath

 
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