Reversal of Input Tax Credit Applies to Exempt De-Oiled Cake as Goods u/s 17 of KVAT Act.

Reversal of Input Tax Credit Applies to Exempt De-Oiled Cake as Goods u/s 17 of KVAT Act. https://www.taxtmi.com/highlights?id=36424 Reversal of Input tax credit on exempted by-product - de-oiled cake fits into the definition of “goods” and this commodity is exempt from payment - it is the sale of goods which triggers the provisions of Section 17 of KVAT Act. Whether it is by-product or manufactured product is immaterial and irrelevant. - SC en-us Mon, 25 Sep 2017 07:48:27 +0530 Mon, 25 Sep 2017 07:48:27 +0530 TaxTMI RSS Generator Reversal of Input Tax Credit Applies to Exempt De-Oiled Cake as Goods u/s 17 of KVAT Act. https://www.taxtmi.com/highlights?id=36424 Reversal of Input tax credit on exempted by-product - de-oiled cake fits into the definition of “goods” and this commodity is exempt from payment - it is the sale of goods which triggers the provisions of Section 17 of KVAT Act. Whether it is by-product or manufactured product is immaterial and irrelevant. - SC Highlights VAT and Sales Tax Mon, 25 Sep 2017 07:48:27 +0530 https://www.taxtmi.com/highlights?id=36424