Bangkok--Dec 22--Ratchaburi
Ratchaburi Electricity Generating Holding Public Company Limited has clarified itself on the issue of improper VAT payment of one billion baht which occurred from a natural gas purchase agreement between Ratchaburi Electricity Generating Company Limited, PTT Public Company Limited, and Electricity Generating Authority of Thailand as reported by Kao Hoon Newspaper and Post Today Newspaper that VAT payment of this agreement was done improperly by Net Offset Accounting.
Ratchaburi Electricity Generating Holding Public Company Limited has made a refining statement that Ratchaburi Electricity Generating Company Limited,
the subsidiary and an operator of Ratchaburi Power Plant, has done appropriately in every step and manner on VAT payment on the Gas Purchase Agreement between the company and PTT and on the Power Purchase Agreement between the company and EGAT which has not done by net offset as reported.
Records of the tax transaction and VAT payment on gas purchase and electricity sale can be examined at Ratchaburi provincial revenue office due to the company’s registration at Ratchaburi province. End.