Carry forward of input tax credit

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CA-ASPIRANT (Querist)
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08 August 2013 Question: Whether Input Tax Credit available under DVAT can be carried forward to the next financial year?

Kindly answer this question with reference of law.

Thanks in Advance

Rajnish Singh

Rajnish Singh (Expert)
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08 August 2013 Dear Sir,

year based balance transfer is good to claim for refund.

Thanks

CA-ASPIRANT

CA-ASPIRANT (Querist)
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09 August 2013 Sorry no satisfactory answer

CA UMESH DULAL

CA UMESH DULAL (Expert)
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09 August 2013 You can carry forward input tax for unlimited period be it next quarter or next year.

You have to fill A3.1 column of ADJUSTMENT TO TAX CREDITS in the DVAT return.