( Author )
14 December 2012
Our client paying disputed tax against input tax credit availed in the year 2005-06 to 2008-09 with interest U/s 30(3). These disputed taxes were paid with piece of mind & carry the business in normal way. These clients are under M-Vat audits. Now department ask us to pay interest U/s 30(4) @ 25% and also file revised returns for those years otherwise such matter will not finalized. Further client has filed the cases in Police station against those suppliers for above year.
Request to advice us on above matter.