Menu
VAT ON SUPPLIES FOR EOU
Please can anybody tell me as to whether , for an EOU (export oriented unit) which has 100 percent exports, VAT is chargeable for local input supplies by suppliers ? these supplies being made from various indian suppliers ? If yes, from what date ? any idea ?
Replies (5)
Can you please expalin me if you are receiveing
material from local you ahve to pay the vat from the month of vat implemented
YES FULL VAT WILL BE CHARGED IN THE INVOICE AND RECOVERED FROM EOU CUSTOMERS, SINCE THERE IS NO CONCEPT OF EXEMPTION UNDER VAT.
HOWEVER THE EOU UNIT CAN TAKE VAT CREDIT AND CLAIM REFUND IN THE VAT RETURN.
Can you please tell me about any rule or nitification or clarification under which refund claimed by EOU unit
Specially in case of Haryana State
Please anybody can confirm procurement of consumables and packing materials from local suppliers can we take vat credit for 100% Export Oriented Units? If yes from which date?
Recent Topic
- Can i should STCG and LTCG as business income ?
- Capital contribution in Firm
- Form 3CD – Clause 20(b) | ESI Contribution &
- Capital Gains on Dissolution of Partnership
- GST Payment through DRC-03 by cash against notice
- Schedule EI for ITR1
- INCOME TAX DEPARTMENT: DOUBLE STANDARDS
- ITR-4,under presumptive Taxation
- TDS data mismatch with SFT
- Resale of under construction Residential Flat part
Related Topics
CAclubindia
