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.
Karnataka VAT Input credit refund
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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. (AI Summary)
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. (AI Summary)
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