Karnataka VAT Input credit refund

[Desikan Srinivasan]

We have registered under Karnataka VAT Act . We have major sales of exports because of this we are unable to utlised VAT input credit.So we want to apply for refund.Is this allowed if Yes please provide procedure and document to be produced.

[YAGAY and SUN]

Please check section 20 read with section 10 of the Karnataka VAT Act.

[Ramaiah Swamy]

good evening mr. Desikan srinivasan,

 

1.  You may go through the provisions of section of 21 of K VAT

2.  you have to declare the refundable amount in your VAT 100

3.  Make a covering letter explaining  the situation leading to excess credit,  your inability to utilize the credit and enclose copies of the relevant VAT 100

4.  Follow up with your LVO

5.  You may also look at rule 128 K VAT Rules for further details

All the best!!!!!

 

Rangaswamy

 + 91 9845665300

 

[JAGANATHAN KUMARAVEL]

Please ensure that the input credit details (purchases) are updated in the Department website as the department is considering it as a prerequisite to process the refund application.

AI Summary

Input tax credit refund for exporters: declare refundable amount in VAT100, submit covering letter and update online purchase credits.
Taxpayers with export-driven unutilised input tax credit must declare the refundable amount in VAT100, submit a covering letter with relevant VAT100 copies, ensure purchase credit details are updated on the departmental website, and follow up with the Local VAT Office for processing under Karnataka VAT refund rules.