https://www.taxtmi.com/forum/issue?id=106680 Eligibility for TNVAT input tax credit on overhead cranes and spare parts depends on whether they qualify as capital goods used in manufacture; the department treated cranes as not qualifying and disallowed credit, citing the capital goods definition, while commentators advised establishing factual nexus to production, reviewing the TNVAT negative list and existing departmental clarifications and advance rulings. en-us Fri, 04 Apr 2014 16:40:26 +0530 Thu, 23 Jan 2025 15:57:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=106680 Eligibility for TNVAT input tax credit on overhead cranes and spare parts depends on whether they qualify as capital goods used in manufacture; the department treated cranes as not qualifying and disallowed credit, citing the capital goods definition, while commentators advised establishing factual nexus to production, reviewing the TNVAT negative list and existing departmental clarifications and advance rulings. Discussion-Forum VAT / Sales Tax Fri, 04 Apr 2014 16:40:26 +0530 https://www.taxtmi.com/forum/issue?id=106680