tnvat exemption or form tnvat EOU
shankar narayanan
My query is related to TNVAT exemption or Refund eligibility. EOU Unit in Tamil Nadu State registered dealer under TNVAT Act. Dealer has purchased various vat paid goods i.e inputs within the state of TN. All those inputs are used by the dealer for manufacture of final product. The final product is ultimatly exported by EOU unit dealer. Query: Whether the EOU dealer can claim any VAT exemption againt issue of certificate (similar to CT3 for Central Excise) to the supplier in tamil nadu under TNVAT provision orEOU dealer need to claim TNVAT refund only on the strenth of exports bill and other documentation prescribed ? Can any one clarify pl
Export Oriented Units in Tamil Nadu can claim VAT exemption for inputs used in manufacturing export products under TNVAT Act. An individual inquired about the eligibility for TNVAT exemption or refund for an Export Oriented Unit (EOU) in Tamil Nadu. The unit, registered under the TNVAT Act, purchases VAT-paid inputs for manufacturing products that are ultimately exported. The query sought clarification on whether the EOU dealer could claim VAT exemption via a certificate or if they must pursue a refund based on export documentation. After several interactions, it was clarified that the dealer can claim VAT exemption from the Tamil Nadu Government. (AI Summary)
TaxTMI
TaxTMI