Refund on vat
This query is : Open
12 August 2017
If a registered Dealer decides to consume his own product and which he has already paid VAT then he is eligible for refund? and if yes which under section.
12 August 2017
If you use such product as inputs in manufacturing of other products, u can claim ITC of vat paid on product to pay output liability.
If you use such product for your personal need.. it's equal to buying a product from market by paying applicable taxes on price and consuming it.. no refund of such vat paid
If you use such product for your personal need.. it's equal to buying a product from market by paying applicable taxes on price and consuming it.. no refund of such vat paid
12 August 2017
No refund available
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