VAT refund

This query is : Resolved

Preksha (Querist)
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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.

Ram Avtar Singh

Ram Avtar Singh (Expert)
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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.

Preksha

Preksha (Querist)
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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?

Ram Avtar Singh

Ram Avtar Singh (Expert)
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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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