vat refund
This query is : Resolved
sanjeev shrivastava
(Querist)
25 October 2007
What are the conditions for vat refund in case of exporters ?
S.RAVICHANDRAN
(Expert)
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.
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.
Message likes :
4 times
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
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
Message likes :
3 times
Vipul Baviskar
(Expert)
18 July 2013
Good Job yaar.. Good Explanation...
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Tax on Amount transferred in HUF Account
- Nursery business
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Working on Gold wastage during Melting of old gold jewellery
- TDS on Dashcam rent and allied services
- Capital gains in IT returns
- ETDS return q4 25-26
- Import Order Cancelled.
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
