18 April 2011
21CC ,as per Kerala Value Added Tax Rules,2005, is used to claim refund of input tax remaining unadjusted at the year end. The concerned rule is 47A read along with section 11(6) of the KVAT Act,2003 which says that the excess input tax carried forward from previous months return which cannot be fully adjusted during the last return of that year, the excess input credit so remaining unadjusted shall be refunded to the dealer on submission of an application in form 21CC with in three months after the expiry of the year to which the input tax relates. This is the provision in nutshell and for full details pl go through the referred section and rules in www.keralataxes.net
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