vat refund

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sanjeev shrivastava

sanjeev shrivastava (Querist)
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25 October 2007 What are the conditions for vat refund in case of exporters ?

S.RAVICHANDRAN

S.RAVICHANDRAN (Expert)
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25 October 2007 The conditions for VAT refund are as follows :

1. The exporter should have obtained TIN number.
2. The purchase invoices coming for the exporter should have both the exporter's TIN as well as the supplier TIN.
3. The VAT percentage and tax should be clearly mentioned in the purchase invoice.
4. The exporter should file return in Form I every month on or before 20 th of the succeeding month.
5. The exporter should file Form W for Refund claim alongwith the copies of the purchase invoices, Sales proof of export, Shipping bills, bill of lading.
6. The VAT refund officer will verify the submitted bills and sanction VAT refund.

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CMA Gul S

CMA Gul S (Expert)
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26 October 2007 Hi Sanjeev

we need to Enclose the following with the refund FORM VAT-21 :
a. Attested copy of declaration form VAT-15 or Form H in case of exports u/s 5(3) of CST Act
b. Certified copy of air consignment note / bill of lading / railway receipt or goods vehicle or postal
receipt or any other documents in proof of export of goods across the customs frontier of India;
duly authenticated by Customs Department
c. Duplicate copy of Sale Invoice
d. Certified copy(ies) of purchase invoice on the basis of which refund of ITC is claimed
e. Undertaking in prescribed form
f. Certificate from a Chartered Accountant regarding purchase and sale of goods and correctness of
claim of refund (in Form VAT-26).

Also
6. This Form should be verified and signed by:
a. Proprietor, in case of Proprietorship concern
b. Managing Partner, in case of Partnership firm and where there is no Managing Partner, by all the
partners if there is no registered partnership deed and in case of a registered partnership deed by
any one of them.
c. Managing Director or authorized signatory, in case of a Company
d. Karta, in case of Hindu Undivided Family
e. Authorised Signatory, in all other cases
f. Or by the declared Business Manager

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Vkannan

Vkannan (Expert)
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23 May 2013 how the treatment reflect in balance sheet