https://www.taxtmi.com/caselaws?id=371581 The High Court upheld the assessee's entitlement to claim input tax credit for raw materials used in electricity generation for manufacturing activities. The Court emphasized the integral connection between electricity generation and the manufacturing process, allowing the credit for raw materials used in producing the taxable final product, newsprint. Input tax credit was permitted only for materials directly related to the manufacturing process, requiring the assessee to segregate and provide documentation for tax payment on such materials. The Court's decision favored the assessee, rejecting the State's appeal and supporting the input tax credit claim. en-us Thu, 30 Aug 2018 00:00:00 +0530 Fri, 07 Dec 2018 06:50:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371581 The High Court upheld the assessee's entitlement to claim input tax credit for raw materials used in electricity generation for manufacturing activities. The Court emphasized the integral connection between electricity generation and the manufacturing process, allowing the credit for raw materials used in producing the taxable final product, newsprint. Input tax credit was permitted only for materials directly related to the manufacturing process, requiring the assessee to segregate and provide documentation for tax payment on such materials. The Court's decision favored the assessee, rejecting the State's appeal and supporting the input tax credit claim. Case-Laws VAT and Sales Tax Thu, 30 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371581