process of vat return
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 June 2011
tel me about vat return process.if the client has purchase his company machinery and paid the vat 12.5%.then how he claim the vat return.
24 June 2011
Please tell us the name of state you are talking about.
24 June 2011
The VAT paid on Capital Goods and not on goods for trading.
The set off. can be claimed for VAT paid on capital goods also but the thing is this in some States it is to be spread over 2 Yrs, in some it is 3 and 4.
Till you mention which State it is very difficult to tell you the position of VAT. But in nut sell it can be availed as set off.
The set off. can be claimed for VAT paid on capital goods also but the thing is this in some States it is to be spread over 2 Yrs, in some it is 3 and 4.
Till you mention which State it is very difficult to tell you the position of VAT. But in nut sell it can be availed as set off.
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