Vat Refund

Others 1043 views 3 replies

Dear Members,

            Plz  tell me how can we claim the credit of Cenvat.Is it calculated on the Purchase invoice or based on the Consumption of Input.The input is used for the output  in which the output tax is nil

Replies (3)

If u have registered under vat act then u can claim refund. U can claim it on basis of purchases.(the vat amt must be mentioned on Invoice)

Plz tell me clearly how to claim refund of input vat in the following situation

A ltd purchases 1000 units of input materials and export 400 units of finished products, manufactured from the matreials purchased. For 1 unit nof output it take 1 unit of input materials .Can we claim the refund on the units purchased i.e 1000 or the units export i.e 400 units

as far as i know u can take vat credit for whole purchase qty of 1000 unit .i don't know about treatment on exempt goods as far as export is concerned u surely take vat credit on whole purchses.

for more detail visit  =    https://www.dateyvs.com/cenex07.htm   I hope it may help u.


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