https://www.taxtmi.com/article/detailed?id=6179 Withdrawal of the Input Tax Credit reversal on inter state sales restores full credit availability for manufacturers, rescinds requirements tied to statutory forms and permits claiming credit without such forms, thereby changing VAT compliance mechanics for interstate transactions. The budget imposes no new taxes while introducing sectoral VAT exemptions and reductions and removing electricity tax on certain biomass generators. en-us Mon, 30 Mar 2015 06:12:32 +0530 Mon, 30 Mar 2015 11:34:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6179 Withdrawal of the Input Tax Credit reversal on inter state sales restores full credit availability for manufacturers, rescinds requirements tied to statutory forms and permits claiming credit without such forms, thereby changing VAT compliance mechanics for interstate transactions. The budget imposes no new taxes while introducing sectoral VAT exemptions and reductions and removing electricity tax on certain biomass generators. Articles Value Added Tax - VAT and CST Mon, 30 Mar 2015 06:12:32 +0530 https://www.taxtmi.com/article/detailed?id=6179