https://www.taxtmi.com/highlights?id=59370 Input tax Credit - Coal is a raw material for manufacturing of cement or not - in the present case, the coal used in the process of manufacture of cement is indeed an input within the meaning of Section 2(25) of the OET Act and therefore qualifies for input tax credit as claimed by the Petitioner - the Tribunal erred in holding that the coal is not a raw material for manufacturing cement - the Tribunal erred in coming to the conclusion that coal could not be treated as a raw material vis-à-vis the finished product i.e. cement - HC en-us Wed, 25 Aug 2021 11:54:33 +0530 Wed, 25 Aug 2021 11:54:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=59370 Input tax Credit - Coal is a raw material for manufacturing of cement or not - in the present case, the coal used in the process of manufacture of cement is indeed an input within the meaning of Section 2(25) of the OET Act and therefore qualifies for input tax credit as claimed by the Petitioner - the Tribunal erred in holding that the coal is not a raw material for manufacturing cement - the Tribunal erred in coming to the conclusion that coal could not be treated as a raw material vis-à-vis the finished product i.e. cement - HC Highlights VAT and Sales Tax Wed, 25 Aug 2021 11:54:33 +0530 https://www.taxtmi.com/highlights?id=59370