Monday, June 25, 2012

Karnataka Input Tax: What type of Purchases we are eligible for Input Tax Credit ?


Eligible Purchases:
Input tax rebate is available only on the purchases made in the State of Karnataka and on the basis of 'Tax invoice' issued by the dealers selling goods to the manufacturers.

Not Eligible Purchases:
Taxes or duties paid on other types of purchases namely: interstate purchases, interstate consignment receipt and International imports are not eligible for input tax rebate.

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