Vat Refund

This query is : Resolved

shashank (Querist)
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25 July 2011 Hello Sir/Madam,

I need a clarification regarding the refund of Vat (MAHARASHTRA) by a company.

The company is setting up a manufacturing plant. During the period 06-07 to 10-11, it has purchased necessary capital goods for installing the plant. The Vat input on these purchases has been seperately accounted for.
The commercial production has started in the month Dec 2010.

My doubt is, can the VAT Input on the purchases made from the year 06-07 be claimed as a refund ?

And if the goods are raw materials (not being capital goods), and if the production has not started, can the Vat input or refund be asked for ?

Thank you.

Sunil Mate

Sunil Mate (Expert)
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26 July 2011 Dear Sir,

As per Rule 53(6)(b), The Manufacture not being principaly Jobworker eligible for set-off against Capital Items, Packing & Consumable upto three year from the date of Registration.