refund claim on excess input vat credit
This query is : Resolved
nilakandan
(Querist)
18 April 2009
A dealer is regularly(trading unit) purchasing from the local registered dealers @ 12.5% which in turn sales @ 2% against Form-C. Here, in every month, 10.5% of tax is found excess. What is the maximum time to claim such excess by the dealer? Please reply under TNVAT Act.
CA. B.SRINIVASULU
(Expert)
18 April 2009
Immediate month of filing. Ie April month return you will file in May 20 at that time itself you can insist for refund and they will process in june and you will get refund in july.
The same prcedure to be adopted for each month.
The same prcedure to be adopted for each month.
CA Nitin Wadhwani
(Expert)
19 April 2009
Since all the sales are interstate sales, no or proportinate set-off will be allowed.
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
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Taxation of crypto futures in India Fy 2026- 2027
- MSME disclosure and disallowance
- EPF ECR NEW RULES Sep 17th 2026
- Issuing of delivery challan by seller of goods
- Transfer of Physical Stock Between Two Proprietorship Concerns
- 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
