APVAT: Soft Drinks Makers Eligible for ITC on Refrigerators, Coolers & Freezers

Pearl Beverages Ltd. Vs State of Andhra Pradesh (Andhra Pradesh High Court) Andhra Pradesh High Court held that manufacturer of soft drinks are eligible for Input Tax Credit (ITC) on purchase of refrigerators, coolers and deep freezers in terms of rule 20(2) of the AP VAT Rules, 2005. Accordingly, tax revision case partly allowed. Facts- 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 statut...