AVAILMENT OF CENVAT CREDIT

[S.C. WADHWA]

Dear Sir,

I am covered by Haryana Value Added Tax Act, 2003.

Please clarify that in case of manufacturing organisation on which inputs vat should be availed.

[YAGAY andSUN]

Dear Sir,

Under HVAT Act, 2003 as amended time to time, you are eligible to avail the ITC on the followings, viz:-

1. Inputs used in manufacturing of finished goods
2. Components
3. Rawmaterial
4. Paint
5. Capital Goods used in manufactring and also on the capital goods which are essential for the same.

Further, on Schedule E(See sub-section (1) of section 8 of the HVAT Act, 2003), there would not be availability of Input Tax Credit.

Best Regards,

Pradeep Khatri

AI Summary

Input Tax Credit eligibility clarified for manufacturing inputs and capital goods, with disallowance for specified items under Schedule E. Input Tax Credit is available for manufacturing enterprises on inputs used in production - including components, raw materials and paint - and on capital goods used in or essential to manufacturing; however, Schedule E (sub section (1) of section 8) disallows credit on the specific items listed therein, limiting availability for those excluded items.