Pur bill of march recd after making payment & filing ret

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This query is : Resolved

yashsr (Querist)

30 April 2012 Hello,

I'm a non-audit dealer whose frequency is 6 monthly (Maharashtra Value Added Tax)

I paid my VAT and filed my VAT return(along with the required annexures) on 25th April 2012. On 28th April 2012 I recd a purchase bill from one my parties whose date was actually 20th March 2012. Now, the VAT amount in the same is Rs 11250. Now how do I go about getting this amount as refund from the Department?

Earlier what could've been done I could taken it to be dated 1st April 2012 and taken credit for the same in this year. However, with annexures of J1/J2 to be filed, that might turn problematic. What is the best way out here?

Obviously I can file a revised return, but what about the refund? What is the exact procedure? Is it tedious?

CA CS Pawan Jajoo

CA CS Pawan Jajoo (Expert)

01 May 2012 It is advised to file revised return , and carry forward the excess credit to next financial year if its less than Rs.100000/-

If its more than 1 lacs you will have to claim VAT Refund, Process is bit tedious and costlier for client

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Prakash Kochar

Prakash Kochar (Expert)

01 May 2012 A agree with CA CS Pawan,
It seems that you have paid VAT for period ending on 31.03.2012, so by revising your return your excess amount will not be more than Rs. 100000/-. Adjust it in first return of FY 2012-13 instead of claiming refund.

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