Input tax credit under tnvat
Raj
(Querist) 13 November 2014
This query is : Resolved
a manufacturing unit of automobile parts. they using cotton gloves for heat processing. so they claim ITC on gloves and paint marker using mark on the part for manufacturing process. But tax authorities said we could not claim ITC on safety and consumbale items. It is correct or not. kindly clarify it.
Anirudh
(Expert) 13 November 2014
They are completely wrong. I don't think that they will get convinced easily. Therefore, the assessee may have to legally agitate.
Raj
(Querist) 14 November 2014
Dear Experts, Kindly clarify it tnvat.
a manufacturing unit of automobile parts. they using cotton gloves for heat processing. so they claim ITC on gloves and paint marker using mark on the part for manufacturing process. But tax authorities said they could not claim ITC on safety and marker. It is correct or not. kindly clarify it.
T. Kalaiselvan, Advocate
(Expert) 16 November 2014
You are repeating the same query in a different way despite your previous query had been properly addressed by expert Mr. Anirudh, if you are not satisfied with the answer, you may approach some local tax consultant for further clarifications.
Raj
(Querist) 20 November 2014
Thank you very much sir.
