A MANUFACRURAR PURCHASES MATERIAL @ 4% VAT AND AFTER MANUFACTURING OF FINISHED GOODS HE EXPORT THE GOODS. WHETHERE HE IS ELEGIBLE FOR VAT CREDIT ? IF YES ? WHICH AMOUNT ?
IF CREDIT IS AVAILABLE WHAT ARE BENEFIT TO GOVT.
THANKS
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Vat credit
Replies (5)
Yes Input VAT is available on materials used for manufacture of the goods which is exported out of India as per VAT law. This provision of the Govt is to encourage exports as export increases the foreign exchange inflow to the country.
It is available
Yes, Agree with consultant
In both cases Manufacturer eligible for Vat Credit
Yes, input vat credit available.
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