Hi All,
We are using GAS from Gujarat Gas for generation of steam for our boiler. So basically it is a fuel. We are paying 15% VAT on this GAS. I would like to know whether VAT credit on such GAS is available or not as per Gujarat Vat Act. Also I would like to know whether we have to reverse 4% VAT credit on such material, if at all we can take the credit? Plz let me know on urgent basis.
Thanks
can anyone plz help me with this query. it requires some urgency as our books of accounts have to be closed for F.Y.2011-12
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