https://www.taxtmi.com/forum/issue?id=111574 Whether input tax credit on consumables and fuel used in dyeing job work can be claimed where those same costs are deducted from sale value is contested: the department treats deduction of consumables and fuel from sale value as precluding ITC on those items, while others assert that accounting deductions for valuation do not by themselves eliminate statutory entitlement to input tax credit. en-us Fri, 03 Mar 2017 15:58:00 +0530 Thu, 23 Jan 2025 15:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=111574 Whether input tax credit on consumables and fuel used in dyeing job work can be claimed where those same costs are deducted from sale value is contested: the department treats deduction of consumables and fuel from sale value as precluding ITC on those items, while others assert that accounting deductions for valuation do not by themselves eliminate statutory entitlement to input tax credit. Discussion-Forum VAT / Sales Tax Fri, 03 Mar 2017 15:58:00 +0530 https://www.taxtmi.com/forum/issue?id=111574