Partner
138 Points
Joined August 2009
One cannot avail input tax credit on following--
(a) Sale of exempted goods
(b) purchase of goods from outside the State
(c) goods purchased in the course of business, but used for
personal facility of proprietor, partner or director
(d) goods damaged in transit
(e) goods stolen, destroyed or lost
(f) goods sold in the course of inter-state sale without support of C
form
(g) goods transferred to outside the State for sale either by branch
or agent without support of Form F
(h) goods returned.
In your case the stationery is used by mfg concern for its own use.So no input tax credit can be taken.
Regards,
Ramesh Kr Verma