VAT return

2345 views 4 replies

Mirchi

Employment

19 Points Posted on 27 November 2007

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.

Replies (4)

CA. O.P. Agarwalla

C.A.

2916 Points Posted on 28 November 2007

If you are a registered Dealer- I think u should file returns periodically. Regarding period of return please see ur act. In my opinion, u cant claim any refund as mentione by u.

Guest

461080 Points Posted on 28 November 2007

According to rule, you have to submit vat return [FORM VAT 200] in department with show you input details with condition of if you have own TIN number. There is no scope in VAT to claim refund as like Excise.

nageswararao

Mgr - Commercial

142 Points Posted on 03 December 2007

As per APVAT rules your organization satisfies the definitions of Business, Dealer & Goods. So you must be submit VAT return as per Act. B.V.K.Nageswara Rao, Mob: 099891 57666, Email: nageswararao.bommakanti @ ril.com

CA. O.P. Agarwalla

C.A.

2916 Points Posted on 10 December 2007

This is in reference to reply of Mr. Nageswar Rao. Rao Sir, Normally filing of returns depends on following tow factors:- 01. Dealer is registered or not? or whether he is liable for registration oir not? 02. Amount of taxable tunover of the Dealer. In Assam, if a delaer is dealing in goods, which are exempted under Sch-1, he is not liable for registration or for filing of return. What is the position in this reagrd in AP?