Eligibility of Furnace oil from the point of input tax credit in UPVAT

Eligibility of Furnace oil from the point of input tax credit in UPVAT https://www.taxtmi.com/forum/issue?id=110440 Whether a manufacturer may claim input tax credit on furnace oil purchases under the Uttar Pradesh VAT regime is unsettled where the statute and schedules do not expressly list the commodity, creating uncertainty about entitlement and requiring reference to the statutory schedule, VAT input-credit rules, transaction characterization, and any administrative notice or assessment affecting the claim. en-us Wed, 01 Jun 2016 16:29:37 +0530 Thu, 23 Jan 2025 15:56:21 +0530 TaxTMI RSS Generator Eligibility of Furnace oil from the point of input tax credit in UPVAT https://www.taxtmi.com/forum/issue?id=110440 Whether a manufacturer may claim input tax credit on furnace oil purchases under the Uttar Pradesh VAT regime is unsettled where the statute and schedules do not expressly list the commodity, creating uncertainty about entitlement and requiring reference to the statutory schedule, VAT input-credit rules, transaction characterization, and any administrative notice or assessment affecting the claim. Discussion-Forum VAT / Sales Tax Wed, 01 Jun 2016 16:29:37 +0530 https://www.taxtmi.com/forum/issue?id=110440