Refund for vat paid on purchases
This query is : Resolved
06 February 2013
I am a VAT registered dealer and my total annual turnover for the year amounts to Rs.300,000 (ie. less than Rs.500,000)i have not charged any VAT on my sales of Rs.350,000 so i have not received any VAT amount from the customers but I have paid VAT on my purchases of Rs.300,000(ie. I have paid Rs.15,000).The question is whether I can claim refund on my VAT amount paid of Rs.15,000?
Rajnish Singh
(Expert)
06 February 2013
Dear Kevin,
You are not eligible to take credit.
Only a Registered Dealer can claim for Input and charge tax as output.
Thanks
You are not eligible to take credit.
Only a Registered Dealer can claim for Input and charge tax as output.
Thanks
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