Input credit claim
shyam sunder sharma
(Querist) 08 March 2014
This query is : Resolved
Sir, I want to know that in Haryana output tax on final product(shoes) exempted up to Rs.500.in this connection can i claim input vat on raw material for refund.
R.K Nanda
(Expert) 08 March 2014
consult tax lawyer.
prabhakar singh
(Expert) 08 March 2014
SOME TIME WE ARE HERE TO TELL YOU ONLY ""I DO NOT KNOW"" THAT GIVES US A POINT! NICE ? SO NICE?AAM K AAM GUTHLIYON K DAAM AUR NIRLAJJATA TAU KOYEE YEHAN SE SIKHE?
KYON THEEH HAI NA LCI ADMIN?
ajay sethi
(Expert) 08 March 2014
your tax consultant can guide you in this regard .
R K JAIN
(Expert) 10 March 2014
No, you can not claim input tax on purchase of raw material for manufacturing exempted goods as per section 8(1) read with Schedule E under HVAT Act.