Tuesday, November 15, 2011

Whether input tax credit will be available for works contract or transfer of rights to use etc.? AP VAT, Delhi VAT, Gujarat VAT, Haryana VAT, Karnataka VAT, KVAT, MAHA VAT, Maharashtra VAT, TNVAT, Value Added Tax (VAT), West Bengal VAT, Sales Tax,

Whether input tax credit will be available for works contract or transfer of rights to use etc.?

 Yes, the input tax credit will be available in case of works contracts (except capital goods) but it would not be available for transfer of rights to use goods.

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