Under mvat, set off on pur. in course of export

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

27 April 2012 In MVAT, Can a dealer get refund of VAT paid on purchases, for which no H form is issued, which are subsequently exported.

MJ Krishnamurthy

MJ Krishnamurthy (Expert)
Follow

28 April 2012 Mr Author,
In all VAT Acts input tax set off is allowed even on CST sales. Here as no H form is issued you should charge CST @2% against 'C' form or 14%(full rate) without it....MJK

Querist : Anonymous

Querist : Anonymous (Querist)

30 April 2012 Sir,
My question is, for eg. Mr.A is a Merchant exporter in state of Maharashtra, he purchased goods form Mr. B of Mumbai on which 12.5% VAT was charged. Subsequently, the same goods has been exported by Mr. A to US without any tax.
Now my question is, Whether Mr. A will get refund of MVAT paid on purchases ?

MJ Krishnamurthy

MJ Krishnamurthy (Expert)
Follow

30 April 2012 Mr Author,
In this type of cases refund of tax to 'A' may not be possible.A will get exemption from tax if it is a sale in the course of export.Here 'A' should place order to supply goods to 'B' for the purpose of export quoting the international purchase order recived by him,with details of specific goods.A should also issue a H form certifying that the goods procured vide certain purchase orders were exported as per the international P.O. along with shipping documents. As you can not furnish all these documents it may not be possible...MJK

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

02 May 2012 Thank U for your valuable reply Sir.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

manojkumarkk

rajkumar yadav

C G K MURTHY

CA.Gopal Rathi

MAHESHA RAMANNA

Subscribe Now

Under mvat, set off on pur. in course of export

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

CA Final

Article Assistant

Accountant

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY