Vat refund
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 February 2016
Will the VAT tax paid on exempted goods be refunded? and the input tax credit utlised for the payment of vat on exempted goods be revised?
plz answer my query
thank you
plz answer my query
thank you
KAVIRAJA ADDANGADI
(Expert)
02 February 2016
When you mention Exempted Goods Question of Input or Output will not arise.
Prakash Kochar
(Expert)
11 April 2016
On value addition vat liability will attract on exempted goods subject to condition. Exempted goods and tax free goods are different. If tax paid wrongly, revise returns.
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