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TMI BlogExemption on VAT/CST for goods manufactured for ExportX X X X Extracts X X X X X X X X Extracts X X X X ..... Exemption on VAT/CST for goods manufactured for Export X X X X Extracts X X X X X X X X Extracts X X X X ..... If a manufacture procure raw material, capital goods that are used to manufacture of goods for export. Is there any provision that (a) manufacturer of such goods could procure raw material & capital g ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... oods with upfront VAT & CST exemption (b) if manufacture needs to pay VAT & CST, can he claim refund of the same. Please let me know provision for both situation with procedure to avail the full exemp ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tion Reply By YAGAY AND SUN: The Reply: Dear Sameer, Yes, there are provisions in State specific VAT Laws either to procure the inputs/material etc. without payment of VAT on producing prescribed ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Forms or avail the refund at the time of finalization of Audits/Assessments. But tax paid under the provisions of CST Act, 1956 would gonna be a cost to you though concession rate 2% against C form is ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... available.
Regards,
YAGAY and SUN
(Management, Business & Indirect Tax Consultants)
Reply By MARIAPPAN GOVINDARAJAN:
The Reply:
Yes the viewsof Yagay and Sun is correct. X X X X Extracts X X X X X X X X Extracts X X X X ..... nowledge Sharing ..... X X X X Extracts X X X X X X X X Extracts X X X X
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