Vat on purchases during pre-operation period
This query is : Resolved
Guest
Guest
(Querist)
18 January 2009
The vat paid on purchases of fixed assets during the pre-operation period can be claimed as refund(since there is no sale during the preoperation period).
Can this refund be adjusted for the payment of sales tax after the operation starts or one has to specifically apply for refund(by submitting the required application Form)
Please reply... It's urgent.
Can this refund be adjusted for the payment of sales tax after the operation starts or one has to specifically apply for refund(by submitting the required application Form)
Please reply... It's urgent.
19 January 2009
Yes U Can but you must be a registed dealer under MVAT Act as on date of Purchases of Assets
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