https://www.taxtmi.com/forum/issue?id=3723 Whether the payment required when goods made from raw materials bought under Form 11 are stock transferred qualifies as an input tax credit is disputed. The issue contrasts the current percentage based payment and its link to input credit under the input tax provision, with the former "difference" formula, and asks whether that difference is allowable as input tax credit and under which statutory provision, in light of an assessing officer's disallowance. en-us Mon, 09 Jan 2012 15:34:34 +0530 Thu, 23 Jan 2025 15:58:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=3723 Whether the payment required when goods made from raw materials bought under Form 11 are stock transferred qualifies as an input tax credit is disputed. The issue contrasts the current percentage based payment and its link to input credit under the input tax provision, with the former "difference" formula, and asks whether that difference is allowable as input tax credit and under which statutory provision, in light of an assessing officer's disallowance. Discussion-Forum VAT / Sales Tax Mon, 09 Jan 2012 15:34:34 +0530 https://www.taxtmi.com/forum/issue?id=3723