VAT refund
This query is : Resolved
09 December 2009
If I charge service tax on services i provide.i purhased a capital good on which i paid VAT.
i think i can VAT claim 50% now & balancein later F.Y.
bt if i dnt claim set off and i want refund of VAT amt by filing VAT return, is it possible to do d same?
I even hav d VAT regn no.
Plz tell me all possibilities.
i think i can VAT claim 50% now & balancein later F.Y.
bt if i dnt claim set off and i want refund of VAT amt by filing VAT return, is it possible to do d same?
I even hav d VAT regn no.
Plz tell me all possibilities.
Ram Avtar Singh
(Expert)
09 December 2009
Input vat on capital goods 33% P.A.
so you can take vat credit in three years
after this procidure you can adjust or claim refund.
so you can take vat credit in three years
after this procidure you can adjust or claim refund.
09 December 2009
thanx sir,
bt m still nt clear dt after which procedure?
N can i directly claim d refund of whole VAT i paid on capital good by filing VAT return or by any oder way?
bt m still nt clear dt after which procedure?
N can i directly claim d refund of whole VAT i paid on capital good by filing VAT return or by any oder way?
Ram Avtar Singh
(Expert)
10 December 2009
No its not allow to take refund in a singal year it will allowe in three year.ie33% each year.
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