https://www.taxtmi.com/caselaws?id=169000 Input tax on consumables used in dyeing and printing under a works contract was treated as allowable set-off against output tax where the assessee also carried on taxable manufacturing and sale of fabrics within the State. The applicable principle was that input tax credit is available when there is corresponding output tax liability in the same taxable business, and the claim cannot be rejected merely because part of the activity is performed as job work. On that basis, the tax-credit claim was upheld in favour of the assessee, while the revenue challenge on the principal issue failed. en-us Wed, 11 Jun 2014 00:00:00 +0530 Mon, 06 Apr 2015 21:04:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=169000 Input tax on consumables used in dyeing and printing under a works contract was treated as allowable set-off against output tax where the assessee also carried on taxable manufacturing and sale of fabrics within the State. The applicable principle was that input tax credit is available when there is corresponding output tax liability in the same taxable business, and the claim cannot be rejected merely because part of the activity is performed as job work. On that basis, the tax-credit claim was upheld in favour of the assessee, while the revenue challenge on the principal issue failed. Case-Laws VAT and Sales Tax Wed, 11 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=169000