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Vat on purchase for eou

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Querist : Anonymous

Querist : Anonymous (Querist)

26 July 2011 Is the vat on purchase of input material compulsory for a 100% eou or there is any form which can be submitted to the seller by a 100% eou for not charging the vat.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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26 July 2011 Tax on the sales of goods made by any unit in the Special Economic Zone or by any Export Oriented unit to any other unit in the Special Economic Zone or, as the case may be, another export oriented unit shall be exempted from tax, subject to such terms and conditions, as may be specified by the State Government, by general or special order issued on this behalf.

Please noted that Where any registered dealer has effected any sale of goods in course of export out of the territory of India, or where any registered dealer has effected any sale of goods to any unit in any Special Economic Zone or to any Export Oriented Unit, such registered dealer shall be entitled to claim a refund of the tax, if any, paid on the purchases of the corresponding goods and the refund shall be paid as prescribed, within a period of ninety days from the end of the period for which the said dealer is required to file a return .

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