Regarding treatment of vat added during scrutiny assessment
This query is : Resolved
Ravi shekhhar
(Querist)
02 March 2013
what will be the impact if in Regular Assessment of A.Y. 2009-10 ,Rs 850000 of Vat has been disallowed.
whether on the basis of that order we can rectify the orders of 2010-11?
whether on the basis of that order we can rectify the orders of 2010-11?
CA PARAS BAFNA
(Expert)
03 March 2013
The reason of VAT disallowing may be non -payment or late payment by invoking Section 43B.
.
In such a case the said expenditure has to be allowed in the AY relevant to the payment date. Request can be made for the rectification.
.
In such a case the said expenditure has to be allowed in the AY relevant to the payment date. Request can be made for the rectification.
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