ITC negative list of WBVAT

[sanjay gupta]

Dear Sir,

Please provide a Negative list of  ITC of West Bengal value added tax

[YAGAY andSUN]

Negative list means list appended to Sec. 22 of WB Vat Act, 2003 which includes Building materials, Fuels,Electrical goods, Generators,Coal, Furnace Oil etc.

AI Summary

Clarification on WBVAT Act 2003: Section 22 Negative List Excludes ITC for Building Materials, Fuels, and Electrical Goods A query was raised regarding the negative list of Input Tax Credit (ITC) under the West Bengal Value Added Tax (WBVAT). The response clarified that the negative list is appended to Section 22 of the WBVAT Act, 2003. This list includes items such as building materials, fuels, electrical goods, generators, coal, and furnace oil, which are not eligible for ITC. The discussion was part of a knowledge-sharing forum on VAT and sales tax.