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Cto demand raised amount equal to itc value available

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ramanamma (Querist)
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28 June 2014 Hi
Friends

Is it CTO Correct?????

in my organization VAT assessment completed for the FY 2010-2014.

all records are maintained and submitted are good there is no difference as per books and VAT200&213.

CTO raised demand relating every year closing CCF VAT available in VAT Return .

is it required to pay CCF VAT amount as on 01.04.2014.

Give me suggestion there is only 7 day time for any objection.

Vishnu Saboo

Vishnu Saboo (Expert)
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30 June 2014 whether you shown it in payable column?
if you shown in correctly in balance carry forwarded, no demand can be raised in my opinion.
he can lapse the balance if it is being carry forwarded from long time, and as per law if you cant carry forward it any more, but raising demand is un-understandable.

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Rupesh Jain

Rupesh Jain (Expert)
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30 June 2014 psl check your returns that all colums and value is correct filled by you or not it may possible you may carry excess amount in next year.

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