We all know that the
- VAT paid on goods consumed in a process of manufacturing is elegible for Input Tax rebate (ITR)
- Similarly in case of trading concern also all goods purchased including capital goods are eligible for ITR
Now my question is "whether the VAT tax paid on goods consumed in a process which does not amount to manufacture is elegible for Input Tax rebate (ITR) or not?
Regards
CAclubindia
