Input tax credit on coal

2670 views 6 replies

Dear Sir(s),

Please clarify my query?

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?

if yes, pl.give supportings.

Replies (6)

The above situation is regarding which state?

Thanks for your responce.

ANDHRA PRADESH sir.

Input Tax Credit on Coal is not eligible if the same is used in generation of Power.

 

Regards,

Devendra Kulkarni

Dear Sir,

We are in bulk Drug  Manufacturing Industry. Can we take input vat Credit  on bills pertaining to FY 12-13 in FY 13-14 in Andhra Pradesh. 

if we use Coal for Boiler Purpose can we take input Credit.

Please Advise Me.

 

 

 

 

Dear Ramesh,

Coal is in eligible product list under VAT rules.

thanks for your reply sir,

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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