https://www.taxtmi.com/caselaws?id=385753 Coal used to generate electricity in a captive power plant may qualify as raw material for manufacture where that electricity is exclusively consumed in producing finished goods for sale, because the generation activity is treated as an integral part of the manufacturing process. The availability of input tax credit is not defeated merely because electricity itself is not goods when the credit is claimed on coal. Form JVAT 404 is a procedural requirement and not an absolute bar; where original tax invoices and proof of tax payment are available, the credit claim must be examined on substantive verification rather than denied solely for non-production of the form. en-us Tue, 09 Jul 2019 00:00:00 +0530 Thu, 12 Sep 2019 18:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385753 Coal used to generate electricity in a captive power plant may qualify as raw material for manufacture where that electricity is exclusively consumed in producing finished goods for sale, because the generation activity is treated as an integral part of the manufacturing process. The availability of input tax credit is not defeated merely because electricity itself is not goods when the credit is claimed on coal. Form JVAT 404 is a procedural requirement and not an absolute bar; where original tax invoices and proof of tax payment are available, the credit claim must be examined on substantive verification rather than denied solely for non-production of the form. Case-Laws VAT and Sales Tax Tue, 09 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385753