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

Manufacturers can claim ITC on inputs under HVAT Act 2003, but not for Schedule E items as per section 8(1). A query regarding the availment of CENVAT credit under the Haryana Value Added Tax Act, 2003, was raised by an individual. The response clarified that under the HVAT Act, manufacturers can avail Input Tax Credit (ITC) on inputs, components, raw materials, paint, and capital goods used in manufacturing. However, ITC is not available for items listed under Schedule E as per section 8(1) of the HVAT Act, 2003.