Eligibility of Furnace oil from the point of input tax credit in UPVAT

[vishwa pratap]

Assessee is a manufacturer in Saharanpur and it has availed Input tax credit on furnace oil purchased from Mathura. Whether it is allowed or not, please refer provision or case law in relation to that matter.

AI Summary

Manufacturer Questions Input Tax Credit Eligibility for Furnace Oil Under UPVAT; Seeks Legal Clarifications and Case References. A manufacturer in Saharanpur inquired about the eligibility of claiming input tax credit on furnace oil purchased from Mathura under the Uttar Pradesh Value Added Tax (UPVAT) system. The query sought clarification on whether such a credit is permissible and requested references to relevant provisions or case law. A respondent noted that furnace oil is not specifically mentioned in UPVAT and asked if the manufacturer had received any notice from the VAT department.