Credit on white coal

This query is : Resolved

Manan Shah (Querist)
Follow

17 December 2011 As per Section 11(5) of Gujarat Vat Act, provides that the purchases of certain goods are not eligible for Credit includes Goods are used as "fuel in generation of Electricity energy"

So my question is that one of my client is using White Coal for the purpose of boiler...can he take credit of the vat paid on White Coal??

CA CS PRASHANT

CA CS PRASHANT (Expert)
Follow

17 December 2011 If direct nexus can be establised between the input(Coal) and the output(Final product) then certainly credit can be availed.

But if the generated power is sold outside then that portion cannot be eligible for VAT credit

Manan Shah

Manan Shah (Querist)
Follow

18 December 2011 White Coal is used in the boiler for the purpose of production only...can we take credit of white coal ??

No direct nexus between input and output. Coal used in boiler for the purpose of pressing...

MJ Krishnamurthy

MJ Krishnamurthy (Expert)
Follow

18 December 2011 Mr Manan shah,
As per sec11 of Gujarat VAT Act tax paid on purchses of fuel used for generation of electricity as captive power is not eligible for input credit.
MJK

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

REGIWISE CONSULTANTS PVT LTD

bhavesh

Tanishka Khandelwal

Fredrick Samraj

Anant Kuber

Subscribe Now

Credit on white coal

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Manager- Finance and Compliance

GST CONSULTANT

CA Final

Senior Executive

Accountant

GST CONSULTANCY