https://www.taxtmi.com/forum/issue?id=108784 Input Tax Credit is available on local procurement under the EPCG scheme for goods-including raw materials, incidental goods, packing materials and plant and machinery-when used in manufacture for domestic sale, interstate sale or export. Capital goods installed in an R&D division are treated as part of manufacturing and qualify for credit. Where capital goods qualify, the credit may be claimed in stages, with an initial portion in the first year and the balance over subsequent years, subject to applicable state VAT/CST rules and compliance. en-us Mon, 22 Jun 2015 12:20:53 +0530 Thu, 23 Jan 2025 15:56:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=108784 Input Tax Credit is available on local procurement under the EPCG scheme for goods-including raw materials, incidental goods, packing materials and plant and machinery-when used in manufacture for domestic sale, interstate sale or export. Capital goods installed in an R&D division are treated as part of manufacturing and qualify for credit. Where capital goods qualify, the credit may be claimed in stages, with an initial portion in the first year and the balance over subsequent years, subject to applicable state VAT/CST rules and compliance. Discussion-Forum VAT / Sales Tax Mon, 22 Jun 2015 12:20:53 +0530 https://www.taxtmi.com/forum/issue?id=108784