Hi, Here is a conflict I learn from online. Export as Trader does not require to have TIN/CST as we are not selling inside India, but outside. However, if we buy from a manufacturer for export purpose, in order to claim tax exemption from him (since we buy for exports), trader seem to have a TIN/CST. This is like indirectly forcing the trader also to get a TIN/CST. Please advice.
Hello Sir,
In order to get a Tax Credit for the amount of VAT paid, it is necessary for you to be registered under the state VAT Laws, only after which you can claim a refund.
Trust this clarifies your query.
Feel free to call / get back in case of further clarifications.
Thanking You.
Regards,
Rohit R Sharma
BCOM, ACA, LLB-GEN, CERT. FAFP
Thats the conflict I am querying about, on how to resolve it. ' See, , Rule 1: Mine is MSME propreitorship doing exports trading, under 5L turnover threshold, so no need to get TIN Rule 2: As I buy for exports, my manufacturer need not apply VAT/CST. Rule 3: But to get that tax exemption, I am forced to get a TIN as proof, which is violation or conflicting Rule 1. Cant I prove it any other way or avoid Tax by manufacturer any other way? When its clearly for exports, why I am forced to get a TIN?
Hello Sir,
That is what the law states, you can also apply for an Export Oriented Undertaking Certificate which if provide to your seller he may not charge you VAT at all. But hardly any seller is comfortable with it and they emphasize on charging VAT and later on you claiming a refund.
Trust this clarifies your query.
Feel free to call / get back in case of further clarifications.
Thanking You.
Regards,
Rohit R Sharma
BCOM, ACA, LLB-GEN, CERT. FAFP
Dear Sir,
If you want to calim refund of input tax on exports, you have to git TIN.
Please feel free to call/ revert in case of any doubts
Thanks and Regards
Abhishek Dugar
CA CS B.Com
Hello Sir,
You need to apply for a TIN if you want to claim the deduction. That is how the act is framed. You may apply for an EOU Certificate and ask your vendor not to charge you VAT at all, but it is totally at the discretion of your vendor.
Regards
Keerthiga Padmanabhan
M.Com., CA, LLB
