Input tax credit: listed non creditable goods may be creditable when bought for resale unmodified or as raw material. Amendment to the Seventh Schedule adds and substitutes items in the list of non-creditable goods including vehicles, cooling appliances, office equipment, elevators, computers, heavy machinery, personal consumption goods, employee facility items, and construction/incorporated goods; and provides that any listed item (except specified exclusions) is not to be treated as non creditable when purchased by a registered dealer for resale unmodified or as raw material for processing or manufacturing in Delhi for sale in the ordinary course of business.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Input tax credit: listed non creditable goods may be creditable when bought for resale unmodified or as raw material.
Amendment to the Seventh Schedule adds and substitutes items in the list of non-creditable goods including vehicles, cooling appliances, office equipment, elevators, computers, heavy machinery, personal consumption goods, employee facility items, and construction/incorporated goods; and provides that any listed item (except specified exclusions) is not to be treated as non creditable when purchased by a registered dealer for resale unmodified or as raw material for processing or manufacturing in Delhi for sale in the ordinary course of business.
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