Shoaib (Prop.) (27 Points)
16 August 2011I am registered manufacturer in Delhi, i am into manufacturing of packaging material cartons/boxes.
Most of my sale is against H form, the clients are exporting the finished goods.
I am purchasing the raw material (paper/board) against 5% Vat in delhi.
Therfore my input/output tax difference become very high due to no sale against CST or VAT.
I do not get my refund tax after 3-4years.
HOW SHOULD I PURCHASE THE RAW MATERIAL?
IS THERE ANY WAY TO PURCHASE THE RAW MATERIAL WITHOUT TAX ?
Ashok kumar
(CA Final)
(587 Points)
Replied 17 August 2011
Approach your circle CTO in the regards, they will process
Mohd Salman
(Chartered Accountant)
(47 Points)
Replied 11 May 2012
Dear Shoib,
There is no procedure to purchase the goods without Vat ,but u Can Get the refund of Vat on Quaterly or Yearly Basis
As soon as u submit all related document to Dvat Dept u will get the Vat refund easily.
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)
CAclubindia
