sudalaimuthu, (Advocate and Tax Consultant sudalaipearls@rediffmail.com) 04 January 2009
hi friends,
Plz clarify that if i am procuring materials for construction of wind mill for generation of power for running of machinery in the manufacturing of goods for sale, wheather i can take ITC(Input Tax Credit Claim) under Tamil Nadu VAT Act.
and what is the position in this regard in the other states Acts.
VASANTH D JAGANATH (PROFESSIONAL) 30 January 2009
Under KVAT Act, [Karnataka Value Added Tax Act, 2003] taxable inputs used for sale of exempted goods is not vatable
Regards
Vasanth D Jaganath
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