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Vat refund

This query is : Resolved 
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(Querist)
29 August 2011 Dear all

A Company has Export Sales on which no vat is collected, but

On Purchases VAT is paid,

so when should the company claim refund while filing quarterly return or on year end

Regards
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CS Bijoy

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CS Bijoy (Expert)
31 August 2011 VAT means the tax on value addition so if the sale value is higher than purchase value than vat need to deposit not related to collect or not.

If both value is same than refund can be claimed on input vat.

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