We are procuring COAL from Singareni colloeires and paying VAT. The said product is used for BOILER and generated steam is used for manufacturing activity.
We are eligible to take Input Tax Credit on COAL purchases?
please advise can we take input vat credit bills belongs to Last FY Date i.t 01.04.2012 to 31.03.2013.
Because some bills we have not booked which is pertains to last Financial Year. That bills have VAT some good amount if we book now , shall we take input vat credit or total amount Debit to Expenditure,
please advise.
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