Refund of VAT paid on capital goods
This query is : Resolved
16 June 2009
Hi
i have purchased assets with VAT. But i am selling the manufactured products without affecting VAT. shall i get refund of VAT amount?
i have purchased assets with VAT. But i am selling the manufactured products without affecting VAT. shall i get refund of VAT amount?
16 June 2009
you have a vat no.or not it is important & if you are in composition scheme then refund is not available & if you are in regular assess in vat then you will get refund if input vat is greater than output vat
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