Claim of deposit paid at the time of mvat registration.
This query is : Resolved
31 March 2016
An organisation applied for VAT Registration paying a deposit of Rs.25000/- in the year 2012, stating that the deposit will be received back after a period of 3 year. The receipt of the same was received by the organisation during the advisory visit.
Now three years have elapsed from the date of registration.
1) What is the procedure to claim back the amount of Deposit?
2) Can the same be adjusted against the MVat Liability of the organisation?
Now three years have elapsed from the date of registration.
1) What is the procedure to claim back the amount of Deposit?
2) Can the same be adjusted against the MVat Liability of the organisation?
31 March 2016
Apply for the refund of deposit to the concerned STO. With effect from 01/05/2011, the said deposit can NOT be adjusted against your liability.
http://mahavat.gov.in/Mahavat/MyFold/KNOWLEDGE%20CENTER/RULES/KNOW_RULES_MVAT/KNOW_RULES_MVAT_09_19_11_6_4_39PM.html
http://mahavat.gov.in/Mahavat/MyFold/KNOWLEDGE%20CENTER/RULES/KNOW_RULES_MVAT/KNOW_RULES_MVAT_09_19_11_6_4_39PM.html
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- TDS on Purchase of Immovable Property by NRI from NRI
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Capital gain from sale of house property
- FORM 26A APPLICABILITY
- Transporter Declaration form
- LC charges in relation to Asset purchased should be Capitalised ?
- Value of property in capital gain
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- TDS LATE PAYMENT
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
