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VAT on IT Industry in India

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(Querist)
22 April 2008 What is the implication of VAT in IT Industry in general since the output does not suffer VAT.

How do IT Indistry in Karnataka get refund on input tax on capital goods?

Does the refund come of its own or do we need to apply for the same in any prescribed format?

Do we need to file an Annual Returns for VAT?

Is there any audit to be done for VAT
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CS RAJESH C.CHOUDHARY

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CS RAJESH C.CHOUDHARY (Expert)
19 June 2013 No Audit should be done for the same.

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