https://www.taxtmi.com/caselaws?id=251890 Input tax rebate was available on consumables used in the course of business for manufacturing and job work of printed circuit boards, even though no output tax arose on the labour component, because the relevant nexus was with business use of the goods. Section 17(3) of the Karnataka Value Added Tax Act, 2003 applied only where inputs were used for purposes other than sale, manufacturing, processing, packing or storing, resulting in partial restriction rather than a complete denial of credit. A slotted angle framework used for storing manufactured goods was treated as capital investment and not as an item covered by the restrictive Fifth Schedule entry, so the assessee's entitlement was sustained. en-us Thu, 03 Jul 2014 00:00:00 +0530 Wed, 01 Oct 2014 07:19:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251890 Input tax rebate was available on consumables used in the course of business for manufacturing and job work of printed circuit boards, even though no output tax arose on the labour component, because the relevant nexus was with business use of the goods. Section 17(3) of the Karnataka Value Added Tax Act, 2003 applied only where inputs were used for purposes other than sale, manufacturing, processing, packing or storing, resulting in partial restriction rather than a complete denial of credit. A slotted angle framework used for storing manufactured goods was treated as capital investment and not as an item covered by the restrictive Fifth Schedule entry, so the assessee's entitlement was sustained. Case-Laws VAT and Sales Tax Thu, 03 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251890