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
Menu
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.
Recent Threads
- Exports against INR PO payable by Domestic Company
- Which websites are best for government exam prepar
- TDS on maturity payment of LIC of india
- ITR2 Gold ETF short and long term
- Query under faceless assessment
- Purchase of business
- Refund of ITC for advance paid to overseas supplie
- Clubbing query (when gifts given to multiple fami
- Transfer Pricing Audit Upload Form 3CEB - Income T
- Only a Few Pages Indexed by Google Despite Sitemap
Related Threads
CAclubindia
