Hi,
Our companuy is a 100% EOU and STPI unit which enjoys exemption from customs. Our company is also registered with AP VAT. We dont have any sales within AP or even in india.
We purchased some items purely for business use [for example, computers and printers purchased on which VAT paid purely for business consumption and not for sale] and not for sale on which we paid AP VAT. Are we obliged to file monthly return even we dont make any sales.
Can we claim refund on AP VAT we paid? or they will be treated as exempt purchases and no input tax credit is allowed.
CAclubindia
