TMI BlogInput tax Credit - KVAT - When consumables were used in job work in respect of which no output tax was...Input tax Credit - KVAT - When consumables were used in job work in respect of which no output tax was payable by assesse or used in manufacturing activity and when said manufactured goods were sold there was liability to pay output tax by assesse – Assesse was entitled to benefit of input tax rebate on total taxable turnover of his business - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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