Claim of deposit paid at the time of mvat registration.
This query is : Resolved
Rishi Agrawal
(Querist)
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?
Amol S Joglekar
(Expert)
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.
https://mahavat.gov.in/Mahavat/MyFold/KNOWLEDGE%20CENTER/RULES/KNOW_RULES_MVAT/KNOW_RULES_MVAT_09_19_11_6_4_39PM.html
https://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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Accounting treatment of AMC alongwith the purchase of Laptop
- Capital Gail Exemption Certificate
- Taxation of crypto futures in India Fy 2026- 2027
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- MSME disclosure and disallowance
- EPF ECR NEW RULES Sep 17th 2026
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
