https://www.taxtmi.com/article/detailed?id=5793 Input tax credit under KVAT allows registered dealers to set off input tax against output tax when supported by invoices/debit notes and claimed timely; statutory restrictions bar credit for purchases related to exempt supplies, certain scheduled goods, specified capital goods, fuel and purchases under Sec 3(2), unregistered vendors, agents (in some cases) and works contracts, while capital goods, pre registration purchases, exports, interstate sales and SEZ supplies have specified conditional treatments. en-us Thu, 21 Aug 2014 07:49:10 +0530 Thu, 21 Aug 2014 07:49:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5793 Input tax credit under KVAT allows registered dealers to set off input tax against output tax when supported by invoices/debit notes and claimed timely; statutory restrictions bar credit for purchases related to exempt supplies, certain scheduled goods, specified capital goods, fuel and purchases under Sec 3(2), unregistered vendors, agents (in some cases) and works contracts, while capital goods, pre registration purchases, exports, interstate sales and SEZ supplies have specified conditional treatments. Articles Value Added Tax - VAT and CST Thu, 21 Aug 2014 07:49:10 +0530 https://www.taxtmi.com/article/detailed?id=5793