Management Consultant
1026 Points
Joined August 2012
Ineligible purchases for input VAT credit as per TNVAT
1. Made From unregistered dealers
2. Made From other states (interstate purchases)
3. Made From registered dealers opted for composition scheme
4. Of non-creditable goods
5. Made from outside the territory of India
6. Of goods used in the manufacture of exempted goods
7. Made from the dealer, where his invoice doesn’t show the tax amount charged separately
8. Of goods meant for personal use
9. Where there is no evidence or absence of invoice
10. Of capital goods where credit is available in parts.
11. Of goods to be used as fuel in generation of power