https://www.taxtmi.com/caselaws?id=211647 "Consumable stores" under section 22(4) of the West Bengal Value Added Tax Act, 2003 was interpreted narrowly to mean stores or spare parts used in manufacture that are actually consumed, decayed, used up, or require replacement. The ordinary meaning of "consumable" was treated as deliberate legislative language, so not every spare part of plant and machinery used in production qualifies for input tax credit. It was also clarified that such goods need not lose identity or merge with the finished product to be covered. Authorities applying broader or differently worded statutes were distinguished on that basis. en-us Fri, 11 Mar 2011 00:00:00 +0530 Mon, 12 Mar 2012 16:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211647 "Consumable stores" under section 22(4) of the West Bengal Value Added Tax Act, 2003 was interpreted narrowly to mean stores or spare parts used in manufacture that are actually consumed, decayed, used up, or require replacement. The ordinary meaning of "consumable" was treated as deliberate legislative language, so not every spare part of plant and machinery used in production qualifies for input tax credit. It was also clarified that such goods need not lose identity or merge with the finished product to be covered. Authorities applying broader or differently worded statutes were distinguished on that basis. Case-Laws VAT and Sales Tax Fri, 11 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211647