INPUT TAX REBATE

SAMEER (CHARTERED ACCOUNTANT) (304 Points)

04 October 2007  

We all know that the



  • VAT paid on goods consumed in a process of manufacturing is elegible for Input Tax rebate (ITR)
  • Similarly in case of trading concern also all goods purchased including capital goods are eligible for ITR

Now my question is "whether the VAT tax paid  on goods consumed in a process which does not amount to manufacture is elegible for Input Tax rebate (ITR) or not?


Regards