TaxTMI 
TaxTMI 
vat credit on transformer and its pannels cables
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....at credit on transformer and its pannels cables<br> Query (Issue) Started By: - AMIT JAIN Dated:- 14-3-2016 Last Reply Date:- 20-9-2016 VAT + CST<br>Got 2 Replies<br>VAT / Sales Tax<br>whether vat cr....
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....edit on transformer and its pannels, cables is available under rajasthan vat Act for manufacturer Reply By YAGAY AND SUN: The Reply: If the subject goods are being used in your factory premises and....
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.... comes under the definition of Capital Goods, then, you may avail the Input Tax Credit on such goods. If in doubt, you may go for advance ruling or DDQ. Reply By Ganeshan Kalyani: The Reply: Dear Am....
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....it Ji, As per Section 18 of Rajasthan Value Added Tax Act, 2003, Input Tax Credit is allowed on Capital goods used in the manufacture of goods other than exempted goods. Capital Goods has been def....
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....ined under Section 2(7) as ''Capital goods'' means plant and machinery including parts and accessories thereof, meant for use in manufacture unless otherwise notified by the State Gove....
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....rnment from time to time in the Official Gazette;" From the above provision, in my view, credit would not be allowed, because transformer is not specifically given. Thanks.<br> Discussion Forum - Kno....
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