Refund of VAT paid on capital goods

This query is : Resolved

selva (Querist)
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16 June 2009 Hi

i have purchased assets with VAT. But i am selling the manufactured products without affecting VAT. shall i get refund of VAT amount?

CA Hemant T Dewani

CA Hemant T Dewani (Expert)
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16 June 2009 you have a vat no.or not it is important & if you are in composition scheme then refund is not available & if you are in regular assess in vat then you will get refund if input vat is greater than output vat

selva

selva (Querist)
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16 June 2009 thanks lot

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