https://www.taxtmi.com/forum/issue?id=110034 Availability of input tax credit for a transformer, panels and cables depends on whether they qualify as Capital Goods used in manufacture; one view permits credit if so used, another relies on Section 18 and the definition of Capital Goods to suggest credit may be disallowed because a transformer is not expressly specified, and recommends obtaining an advance ruling or departmental clarification. en-us Mon, 14 Mar 2016 21:46:21 +0530 Thu, 23 Jan 2025 15:56:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=110034 Availability of input tax credit for a transformer, panels and cables depends on whether they qualify as Capital Goods used in manufacture; one view permits credit if so used, another relies on Section 18 and the definition of Capital Goods to suggest credit may be disallowed because a transformer is not expressly specified, and recommends obtaining an advance ruling or departmental clarification. Discussion-Forum VAT / Sales Tax Mon, 14 Mar 2016 21:46:21 +0530 https://www.taxtmi.com/forum/issue?id=110034