https://www.taxtmi.com/caselaws?id=298315 Input tax credit and refund were held inadmissible on a chassis purchased solely to build a vehicle body for transporting iron ore. The statutory definition of "input" under Section 2(19) of the Karnataka Value Added Tax Act, 2003 requires purchase for resale, manufacture, processing, packing, storing, or another qualifying business purpose; a purchase used only for transportation did not satisfy that test. The claim was also treated as barred by Section 11(3) read with the Fifth Schedule. Accordingly, the refund claim on the chassis was disallowed. en-us Tue, 08 Jul 2008 00:00:00 +0530 Tue, 26 Oct 2021 10:21:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298315 Input tax credit and refund were held inadmissible on a chassis purchased solely to build a vehicle body for transporting iron ore. The statutory definition of "input" under Section 2(19) of the Karnataka Value Added Tax Act, 2003 requires purchase for resale, manufacture, processing, packing, storing, or another qualifying business purpose; a purchase used only for transportation did not satisfy that test. The claim was also treated as barred by Section 11(3) read with the Fifth Schedule. Accordingly, the refund claim on the chassis was disallowed. Case-Laws VAT and Sales Tax Tue, 08 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298315