is input credit allowed of previous fy 09-10
This query is : Resolved
22 July 2010
i have field last quarter vat return previous fy 09-10 that time i have carry forward input credit tax then can i take this input credit b/f in the 1st qtr of fy 10-11 ? plz tell me as soon as possible .
i have field last quarter vat return previous fy 09-10 that time i have carry forward input credit tax then can i take this input credit b/f in the 1st qtr of fy 10-11 ? plz tell me as soon as possible .
23 July 2010
Carry forward of VAT Refunds in on annual basis and you cannot carry forward the previoius years refund amount to the current year. you have to start a fresh carry forward for new financial year.
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