VAT
This query is : Resolved
13 June 2010
Dear Expert,
If we have paid VAT in excess of the statutory requirement can we claim refund (Assume there is no sales return) In some cases for eg. the input maybe charged at 12.5% but if the output is just charged @ 1% in such a case can we claim refund? If refund is allowed will there be a cheque issue in our name?
With regards,
Regards.
If we have paid VAT in excess of the statutory requirement can we claim refund (Assume there is no sales return) In some cases for eg. the input maybe charged at 12.5% but if the output is just charged @ 1% in such a case can we claim refund? If refund is allowed will there be a cheque issue in our name?
With regards,
Regards.
CMA Ramesh Krishnan
(Expert)
15 June 2010
Excess VAT can be adjusted subsequent month payable still refund is there year end after VAT audit you can claim the refund from the department, cheque will be issued in Assessee name
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