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(Per Hon’ble Sri Justice Tarlada Rajasekhar Rao)
The revision petitioner herein is manufacturer of soft drinks under
the brand name of Pepsi. In furtherance of such business, the appellant
regularly purchases glass bottles and coolers. In view
of transitional provision facilitating the change from one statutory
regime to another’ and under transition from the AP General Sales Tax
Act, 1957, to the Value Added Tax system under section 13 (2) of VAT
Act (for short „the Act‟), the petitioner herein made a claim to Input Tax
Credit equivalent to the APGST paid on the value of the opening stock
as on 01.04.2005 relating to the purchases of the Glass bottles,
Coolers, stores and spares during the year 2004-05.
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