24 October 2011
my one client is engaged in books business. vat or any tax such as octroi is not applicable. he has many fixed assets.on that he had paid vat.the amt is huge. can he claim refund? for that what is the procedure to be follow? pl guide
25 October 2011
No vat input cannot be claimed. Refer to conditions for claiming vat input in which one of the condition is that the final product must be subject to VAT
CAclubindia
