Monday 20 January 2014

Credit not allowable if inputs used in manufacture of exempted goods but are available if used by ex

CST & VAT : No input tax credit is allowable on raw materials used in manufacture of 'exempted goods'; but, where exemption is granted to 'person or class of persons' (say, 'manufacturers' of goods), raw materials used in manufacture of such goods is eliglble for input tax credit under Rajasthan VAT Act


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