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

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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)
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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)
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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

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Querist : Anonymous

Querist : Anonymous (Querist)

02 May 2012 Thank U for your valuable reply Sir.

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