Ours is the small scale industry we taking input credit, but we are not able to use 100% of amount to take input as 75% of sales were to interstate. Hence kindly help me how to claim the unused input amount.
Thanks in advance.
Ours is the small scale industry we taking input credit, but we are not able to use 100% of amount to take input as 75% of sales were to interstate. Hence kindly help me how to claim the unused input amount.
Thanks in advance.
The unused input credit can be used next year .
You cannot claim a refund as such.You can only set off against vat payable
Karia Overseas
Ahmedabad
CA
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Vardhaman Group of India
Pimpri Chinchwad
CA Inter
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CAclubindia
