Input tax credit on lpg in karnataka
This query is : Resolved
16 June 2016
In Karnataka,Shall we get input tax credit on purchase of LPG used for manufacturing of food products.?
16 June 2016
no, its not the cenvatable the vat on LPG.
16 June 2016
yes, as per section 11(6) of Karnataka VAT Act ) tax paid on purchases attributable to naptha, liquified petroleum
gas, furnace oil, superior kerosene oil, kerosene and any other petroleum product, when used as fuel in motor vehicles not deductible, but when used as
fuel in production of any goods for sale in the course of export out of the territory of India or taxable goods or captive power, input tax shall be
deducted as provided in Section 14.
Above-mentioned para specified that LPG used in manufacture of food is eligible for input tax credit.
gas, furnace oil, superior kerosene oil, kerosene and any other petroleum product, when used as fuel in motor vehicles not deductible, but when used as
fuel in production of any goods for sale in the course of export out of the territory of India or taxable goods or captive power, input tax shall be
deducted as provided in Section 14.
Above-mentioned para specified that LPG used in manufacture of food is eligible for input tax credit.
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