Refund in vat

If there is no OUTPUT VAT then you cannot claim a REFUND i think, so you need to claim INPUT VAT as a expense(loss unless you cover that amount from your exported stock amount for which you pay EXCISE DUTY). Though there is no OUTPUT VAT and you paid INPUT VAT, so there is no refund available for you my dear friend. Sorry for that.

Regards

As per my view, in this case refund can be available to you. As the final product is not exempt from VAT only export is exempted. So you can not say that there is no output VAT. If the same is not exported then you are liable to pay VAT on that. So, you should not treat your input Vat as an expense and can claim refund for that.

Dear Pinky

What is the procedure and time limit of claiming such refund?

Regards,

Nirav