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