TaxTMI 
TaxTMI 
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.
AVAILMENT OF CENVAT CREDIT
30 Apr 2012 
1 Reply 
6369 Views Asked by
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. (AI Summary)
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. (AI Summary)