if a company has paid vat on materials purchased used for manufacturing pupose and adjust the same bill in the next financial year.can the company claim vat refund of the same bill or the vat so deducted is refundable to the company?
CA ROSHAN TIWARI (salaried) (302 Points)
06 April 2009if a company has paid vat on materials purchased used for manufacturing pupose and adjust the same bill in the next financial year.can the company claim vat refund of the same bill or the vat so deducted is refundable to the company?
Sachin
(Chartered Accountant)
(419 Points)
Replied 07 April 2009
Dear Avinash,
VAT is state wise tax. Please write about which state you are talking. my email id is sachinagarwalcallb @ gmail.com
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