Dear all,
I'm running a Trading Company in Chennai dealing in supply of packing materials to the Companies located in SEZ.
I have VAT & CST registration for the same.
I'll purchase materials inter state as well as intra state. Certain materials has been purchased from Delhi (Inter State)
for which I paid the input tax ( CED + CST => 8% + 2% => 10% ) to supplier alongwith material cost. Certain materials
has been purchased from Chennai (Intra State) for which I paid the input tax ( CED + VAT => 8% + 12.5% / 4% => 20.5% /
12% ).
I will sell the goods at a profit margin @ 30%. Out of my profit margin, in the worst case I've to pay input tax @ 20.5%.
I can't able to charge the same to my Customer bcoz the Customer located in SEZ.
My query is, what procedure should I follow in order to claim my input tax as refund. Whether any registration or forms to
be filed for the same in order to claim the input tax as refund?
CAclubindia
