https://www.taxtmi.com/caselaws?id=257542 Under the KVAT Act, machinery and equipment used in business premises and in activities incidental or ancillary to the main business can qualify as capital goods for input tax rebate. On that construction, xerox machines, air conditioners and security systems used for the premises and operations were treated as eligible, as they were not excluded merely because they were not part of the core software development process. By contrast, office stationery and building materials do not fall within the statutory definition of capital goods, which is confined to plant, machinery, goods vehicles, equipment, moulds, tools and jigs, so rebate is not available on those items. en-us Wed, 18 Jun 2014 00:00:00 +0530 Sun, 15 Mar 2015 12:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257542 Under the KVAT Act, machinery and equipment used in business premises and in activities incidental or ancillary to the main business can qualify as capital goods for input tax rebate. On that construction, xerox machines, air conditioners and security systems used for the premises and operations were treated as eligible, as they were not excluded merely because they were not part of the core software development process. By contrast, office stationery and building materials do not fall within the statutory definition of capital goods, which is confined to plant, machinery, goods vehicles, equipment, moulds, tools and jigs, so rebate is not available on those items. Case-Laws VAT and Sales Tax Wed, 18 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257542