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Refund of VAT

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(Querist)
09 April 2009 An assessee purchases raw material on which he has to pay vat of 15%, however the finished product is exempt from vat, is assessee liable to take TIN number ? and if he takes tin number than can he claim refund of vat paid by him on raw materials ?
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Nilesh Damji Chheda

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Nilesh Damji Chheda (Expert)
09 April 2009 Dear Atit
u can apply for vat no and claim the refund of vat paid on raw material
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ATIT D SHAH

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ATIT D SHAH (Querist)
13 April 2009 Means k after applying for vat no, n filing return i can claim refund .. ! Actually i have just no idea of vat..
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Vishnu Saboo

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Vishnu Saboo (Expert)
01 June 2009 Unless u have TIN No u cann't file return for refund.
but if your finish good is exempt from tax under sec 5 (2), u r not eligible for Tax credit.
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