banner_ad

Vat Refund

This query is : Resolved 
Profile Image

Profile Image

(Querist)
25 July 2011 Hello Sir/Madam,

I need a clarification regarding the refund of Vat (MAHARASHTRA) by a company.

The company is setting up a manufacturing plant. During the period 06-07 to 10-11, it has purchased necessary capital goods for installing the plant. The Vat input on these purchases has been seperately accounted for.
The commercial production has started in the month Dec 2010.

My doubt is, can the VAT Input on the purchases made from the year 06-07 be claimed as a refund ?

And if the goods are raw materials (not being capital goods), and if the production has not started, can the Vat input or refund be asked for ?

Thank you.
Profile Image

Sunil Mate

Profile Image

Sunil Mate (Expert)
26 July 2011 Dear Sir,

As per Rule 53(6)(b), The Manufacture not being principaly Jobworker eligible for set-off against Capital Items, Packing & Consumable upto three year from the date of Registration.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
ARTICLESHIP 02 May 2026
Accounts and Audit Assistant

Kothawade and Laddha

Thane

B.Com

View Details
Company
ARTICLESHIP 30 April 2026
Article Assistant

M/s G.K. Choksi & Co.

New Delhi

CA Inter

View Details