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??
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