Sales Tax Rules, 2006

CHAPTER-IV-A

Sales Tax (Imposition of Restrictions) on Wastages of Inputs Rules, 2020

From: 2023-12-07 - To: 0000-00-00 25A. Application.– The provisions of this Chapter shall apply for the purpose of determination of restriction on wastage of material on which input tax has been claimed in respect of goods or class of goods. 25B. Definitions.– Unless there is anything repugnant or contrary to the context, the following words and expressions shall have meanings assigned to them as under:– (i) “inputs” mean inputs whether used as direct or indirect constituent of the corresponding outputs and include electricity, raw materials, processed, semi-finished or finished products countable either numerically, through measurement, or on weight basis or otherwise and useable in any industrial or similar process or processes for the manufacture or production of goods; (ii) “input-output ratios” mean ratios expressed in any manner or mode at which any particular quantity of input or class of inputs is used or allowed to be used for the manufacture or production of any given or intended quantity of corresponding output goods regardless whether or not the allowed quantity of such input or inputs actually or otherwise differ from the quantity claimed to have been used or to be used for the manufacture or production of any particular quantity of output goods provided that nothing will bar the Board to determine or fix such general standards of such ratios as it may deem fit either on the basis of averages or otherwise; (iii) “IOCO” means Input Output Co-Efficient Organization established by the Board for Inland Revenue purposes and includes the officer in charge thereof; (iv) “Subject Specialist” means a person either from the employees of IOCO, Board or any field formation of Board or from the academia or from any public sector department or organization or from professionals whose academicallyqualified or experience-based specialized services are or can be used for the purposes of these rules; and (v) “wastage” means part of any given quantity of any input or class of inputs, unfit or unable for use as such for the manufacture or production of the corresponding output goods provided that extent of wastages in any case or class of cases may be determined…