Input under KVAT is eligible

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

12 February 2010 Dear All

We are having unit-1 at karnataka where we purchase raw materials and transfer the whole purchases through stock transfer to unit-2 at Andhra for manufacturing process.Then FG is again transferred from AP to Karnataka for sales.

At AP only conversion is done.Where as my query is under KVAT, can we avail input tax for the purchases effected at Karantaka?

Awaiting your good response at the earliest.

Querist : Anonymous

Querist : Anonymous (Querist)

12 February 2010 1

Vishnu Saboo

Vishnu Saboo (Expert)
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12 February 2010 there should no problem at all, as the material transferd to AP is only for coversion, and final sale is proceeding from Karnataka only.

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