Taxpayers registered for VAT can claim for refund of excess VAT credit, i.e. excess of input VAT over output VAT, which may be granted by the authorities on a monthly basis or within 90 days of filing the refund claim, subject to certain conditions.
The claim for input tax can be made within 6 months which start from the date of invoice or time of supply. A company with taxable supplies of more than 90% of total supplies is entitled to claim full input tax credit. A company with taxable supplies less than 10% of total supplies is not entitled to claim any input tax incurred. A company with taxable supplies between 10% and 90% of total supplies is entitled to claim partial input tax credit. However, imported services cannot be considered as supplies while determining the allowance of partial input tax credit.
A non-resident not registered for VAT cannot claim refund of excess VAT credit.