Toll Free: 8008445940, 8008500478, 8008500482

Frequently Asked Questions on VAT

Last updated on 06 April, 2018


 Back to FAQ

What do I need to do to receive my refund for VAT?

You will receive a VAT refund automatically if you are eligible for it. The standard practice for a VAT refund is to carry forward the amount in the VAT account. These are called tax credits.

Tax credits can be applied to the next VAT return or used at any other time you have a tax liability. However, the taxable person can request to have the refund returned to them instead.

 Previous
Get your business VAT ready with Zoho Books, an easy to use accounting software
TRY IT FOR FREE

Source: