We use dissolved acetylene gas for welding purpose in connection with manufacgture of our final product. We have taken input tax credit for purchse of acetylene gas @ 13.5% Karnatka VAT during the year 2009-10. Now the departnment is restricting the input tax to the extent of 4% VAT only under Section 11(6) and disallowing 9.4% input tax. Kindly confirm that the department stand is correct and if not how we should defend our case ?
Asked on 7/16/11, 3:03 am
1 Answer from Attorneys
KarVai Legal Solutions
Rajiv Gupta 9811284735 Ch.No: 359, Western Wing, Tis Hazari, Delhi www.karvai.in
you may contact the local lawyer for assistance.
Answered on 8/26/11, 1:08 am
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