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

Input tax credit lapse: treat export date as accrual date and adjust unclaimed credit against output VAT.
The 180 day limit in section 18(3) runs from the date the input tax credit accrues, which for export transactions is the date of export; credits not claimed or adjusted within that period lapse. Where refund claims have exceeded the 180 day accrual window, the available remedy is adjustment of the unclaimed credit against output VAT/CST payable.