VAT applicability for EOU's

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Finance
53 Points Posted on 13 September 2007

Hello!

We are an 100 % EOU company. Whether we can procure the rawmaterials, consumables, etc, with out paying the any taxes. (since we are an eou we are exempted) whereas our DCTO is pressuring to pay the tax and procure the materials and finally we have to apply for reimbursement.( it is too difficult getting refund from ST). Somebody can suggest which is the legal way?

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On 13 September 2007 at 15:11 Report
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Sr.GM - Finance & Company Secreta
392 Points Posted on 14 September 2007
The VAT provisions allow the purchase of raw material with out payment of tax on submission of Green Card. This was clarified by the department. So you can purchase without payment of tax. You may refer clarification by the TN Govt inthis regard
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On 14 September 2007 at 14:51

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