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.

[Ganeshan Kalyani]

Sir, in UPVAT the item 'Furnace Oil' is not specifically mentioned. Have you received any notice from VAT department ?

AI Summary

Input tax credit eligibility for furnace oil unclear under VAT law; statutory non mention raises entitlement and assessment issues.
Whether a manufacturer may claim input tax credit on furnace oil purchases under the Uttar Pradesh VAT regime is unsettled where the statute and schedules do not expressly list the commodity, creating uncertainty about entitlement and requiring reference to the statutory schedule, VAT input-credit rules, transaction characterization, and any administrative notice or assessment affecting the claim.