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Eligibility of itc(input tax credit) on png

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(Querist)
02 January 2012 Is Input tax credit(ITC)available on Piped Natural Gas(PNG) used for running furnace in Manufacturing Entity?
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MJ Krishnamurthy

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MJ Krishnamurthy (Expert)
04 January 2012 Mr Bhandari,
There is some diffrence on this point among the state VAT laws. You are refering to which state.
MJK
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Anil Bhandari

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Anil Bhandari (Querist)
05 January 2012 Uttar Pradesh(U.P.)
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MJ Krishnamurthy

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MJ Krishnamurthy (Expert)
05 January 2012 Mr Anil Bhandari,
If the PNG is used in the process of manufacturing then it is permitted to avail the ITC.If it is used in running a captive power unit it is not entitled for ITC on its purchases.
MJK

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