Regarding Refund

[ABDUR RAZACK]

Sir,

The time limit to claim Export refund under Form W is 180 days.

I want to know, whether the limit begun from the first date of Export or calculated on month basis.

For example the export claim of Jan 2014 can be claimed under Vat Refund Act Sec 18 (3) within six month i.e July 2014. Before online of Form W, we are filing based on month. Now it shows error for each export which cross 180 days limit.

As normal practice we had filed after six month, now the assessing authority refuse to honor the export bills which cross 180 days in the same month of refund.

Please share what is the solution.

Thanks

Abdur Razack

AI Summary

Clarification Sought on 180-Day Limit for Export Refunds Under Form W: Does It Start From Export Date? A query was raised about the 180-day limit for claiming export refunds under Form W, questioning whether this period starts from the export date or is calculated monthly. The issue arose because claims filed after six months are being rejected by authorities for exceeding the 180-day limit. Respondents advised that, according to Section 18(3) of the TNVAT Act, the credit accrues on the export date, and if not claimed within 180 days, it lapses. They suggested adjusting the credit against output VAT/CST payable as a viable solution.