A company( works contractor) has sold goods to a company in sez in chennai. These goods are furniture and interios covered under WCT. The company is claiming that it has made zero rate sale and claiming for a refunnd. Is the company correct in claiming the input tax credit
2 Replies
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 21 December 2010
| Originally posted by : Nishath Firdouse | ||
 |
A company( works contractor) has sold goods to a company in sez in chennai. These goods are furniture and interios covered under WCT. The company is claiming that it has made zero rate sale and claiming for a refunnd. Is the company correct in claiming the input tax credit |
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uf SEZ issue exemption forms viz Form H then its refundable, otherwise its to be treated as vat sales, depends on sez company, if they have shown the items purchased in capotal goods/ inputs or negetive list.
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