AVAILMENT OF CENVAT CREDIT, VAT + CST

[S.C. WADHWA]

Dear Sir,

I am covered by Haryana Value Added Tax Act, 2003.

Please clarify that in case of manufacturing organisation on which inputs vat should be availed.

Posts / Replies

[Pradeep Khatri]

Dear Sir,

Under HVAT Act, 2003 as amended time to time, you are eligible to avail the ITC on the followings, viz:-

1. Inputs used in manufacturing of finished goods
2. Components
3. Rawmaterial
4. Paint
5. Capital Goods used in manufactring and also on the capital goods which are essential for the same.

Further, on Schedule E(See sub-section (1) of section 8 of the HVAT Act, 2003), there would not be availability of Input Tax Credit.

Best Regards,

Pradeep Khatri