Capital goods

Dear sir/madam,

pls. provide process of vat refund of capital goods

 

thnks & regards

Replies (4)

U can't claim refund of VAT..However u may claim input credit over a period of 36 months on capital goods

Agree with Rakesh

I purchased an automotive part from authorised dealer in Jaipur, Rajasthan where the dealer charged me Rs 516.00, including VAT @ 15%, Service tax @ 10% and Edu Cess on Service Tax @ 3%, while the price tag by the manufacturer in Gurgaon , Haryana displayed Rs 366.00 (including of all taxes)

Is it not a case of double taxation? Please elaborate. 

It  is not a case of double taxation rather it is a case of MULTI POINT TAXATION  . It would include INPUT TAX CREDIT CONCEPT (ITC) also . The persons selling the goods would be eligible for ITC provided the conditions in relation to the ITC are satisfied .
 

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