If i have made local purchase in the state of andhra pradesh by paying 12.5 % vat and then sell the total material by paying 2 % cst out side the state of andhra pradesh, Will I get the refund of my Vat which has been paid on purchase?
4 Replies
Vijay D
(Finance Executive)
(227 Points)
Replied 10 September 2009
Hi,
In this case you are the end customer in your state hence you can not get VATcredit for your purchase. you will have to consider VAT amount as cost of your material.
Thanks
Vijay D
Vijay D
(Finance Executive)
(227 Points)
Replied 10 September 2009
Hi,
In this case you are the end customer in your state hence you can not get VATcredit for your purchase. you will have to consider VAT amount as cost of your material.
Thanks
Vijay D
ghanshyam upadhyay
(tax consultant)
(72 Points)
Replied 11 September 2009
yes ,
YOU CAN GET REFUND OR ADJUST IN OTHER TAX LIABLITY IF YOU ARE REGISTERED DEALER AS APVAT WITH CST RC IN A.P. STATE., AS PER APVAT ACT & RULES 2005, IF YOU REQUIRE ANY FURTHER DETAIL YOU CAN CONTACT ME ON MOBILE 09246527173 OR E-MAIL : gsupadhyay @ sify.com or visit our website : www.apvat.info which is related to APVAT ACT & RULES 2005
mallela.ravikiran
(learner)
(136 Points)
Replied 11 September 2009
Dear Amarish,
Yes, You can claim refund. the amount you paid VAT as a Input tax Credit and amount you collect from buyer as a Out put tax.
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