VAT CREDIT IN VAT EXEMPTED UNIT
This query is : Resolved
24 March 2010
Our Product is exepted from VAT & we are selling our products to both domestic & international markets. I would like ask that should our organization take the credit of VAT on Input of Material? Is it refundable in portion of EXPORTED material? give me the reference for such proviso..
24 March 2010
NO,BECAUSE YOUR PRODUCT IS TAX FREE.
24 March 2010
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