Taxable persons can not claim Input Tax Credit for the following goods unless they are in the business of dealing in these goods :
6. Taxable persons can not claim Input Tax Credit for the following goods unless they are in the business of dealing in these goods :
Automobiles including commercial vehicles, three wheelers and two wheelers and spare parts thereof;
Food, beverages and tobacco products;
Petroleum products;
Goods used for personal consumption or gifts;
Goods used in manufacture, processing and packing of tax free goods;
Office equipment and building material;
Air-conditioning units except where air-conditioning is essential in the manufacturing process of taxable goods;
Weigh bridge except when installed inside the manufacturing premises for use in the process of manufacturing;
Goods used in manufacture, processing or packing of tax free goods;
Goods used in generation and distribution of electrical energy; and
Goods which remain unsold at the time of closure of business.
Regards
G.Srinivas
Automobiles including commercial vehicles, three wheelers and two wheelers and spare parts thereof;
Food, beverages and tobacco products;
Petroleum products;
Goods used for personal consumption or gifts;
Goods used in manufacture, processing and packing of tax free goods;
Office equipment and building material;
Air-conditioning units except where air-conditioning is essential in the manufacturing process of taxable goods;
Weigh bridge except when installed inside the manufacturing premises for use in the process of manufacturing;
Goods used in manufacture, processing or packing of tax free goods;
Goods used in generation and distribution of electrical energy; and
Goods which remain unsold at the time of closure of business.
Regards
G.Srinivas
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