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Home Highlights February 2016 Year 2016 This

Denial of Input Tax and Credit (ITC)- GVAT - purchase of castor ...


High Court Rules Denial of ITC for Castor Oil Seed Purchases Under GVAT Incorrect; Waste Used as Fuel Not Grounds for Denial.

February 25, 2016

Case Laws     VAT and Sales Tax     HC

Denial of Input Tax and Credit (ITC)- GVAT - purchase of castor oil seeds for production of castor oil - Only the waste is used as fuel and that too again in the manufacturing process of oil. - Credit cannot be denied - HC

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