KVAT Purchase of Taxable Raw Material and consumed in Produc
klns sarma
(Querist) 16 July 2011
This query is : Open
Dear experts
I have a question :
we are the power producers through biomass waste (such as rice Husk ,dray hay ,addiki sippi etc), and sold Electrical energy to Karnata Satate electricty Board .
my question is we are purchasing the material(from reg dealers & Unregister dealers in state of Karnataka) and consuming in our plant for generating the electricty in such case does we need to pay tax on purchases (URD /RD) and their any exemption(as in APVAT Act Sec 4(iii) .
since in karnataka we their is a tax on Rice Husk and tax on agri waste
we are paying by cheque to the seller .
kindly clarify
thanks
