Input tax credit on immovable capital goods

Mahavat 864 views 3 replies

Is Input tax credit is available on purchase or construction of immovable property?? if it is then under MVAT how can it is claim whether under consumtion variant,income veriant or gross product variant?? 

Replies (3)

if the final product manufactured is taxable then input tax credit can be claimed on purchases made for immovable property

Originally posted by : CA CS SUMIT GUDDEWAL

if the final product manufactured is taxable then input tax credit can be claimed on purchases made for immovable property

CA Sumit can u plz provide any refrence (Section ) or link relating to this.
thanks for your earlier Reply

 Mahalaxmi Glass Works Ltd. v/s CCE , 1999(113) ELT558 (Tri-Mum)  United Phosphorous Ltd. v/s CCE, 2002(150) ELT 650 (Tri-Mum)  CCE v/s HEG Ltd. 2004(177) ELT 605 (Tri-Del)  Bellary Steel & Alloys Ltd. v/s CCE, 2005(180) ELT 92 (Tri-Bang)  Lloyds Metals & Engineers Ltd. v. CCE & C, Nagpur - 2002 (50) RLT 109 (Tri-Mum.)  Jindal Vijayanagar Steels Ltd. v/s CCE, Belgaum 2005(191) ELT 459 (Tri-Bang)  Ispat Industries Ltd. v/s CCE, Mumbai 2006(195) ELT 164 (Tri-Mum)  Sail v/s CCE, Ranchi 2008(222) ELT 233 (Tri-Kolkata)


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