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VAT

20 December 2010

A company( works contractor) has sold goods to a company in sez in chennai. These goods are furniture and interios covered under WCT. The company is claiming that it has made zero rate sale and claiming for a refunnd. Is the company correct in claiming the input tax credit

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(Guest)

yes they can claim vat ..vat is refundable

U S Sharma (glidor@gmail.com) (21056 Points)
Replied 21 December 2010

Originally posted by : Nishath Firdouse
	A company( works contractor) has sold goods to a company in sez in chennai. These goods are furniture and interios covered under WCT. The company is claiming that it has made zero rate sale and claiming for a refunnd. Is the company correct in claiming the input tax credit

uf SEZ issue exemption forms viz Form H then its refundable, otherwise its to be treated as vat sales, depends on sez company, if they have shown the items purchased in capotal goods/ inputs or negetive list.