Regarding vat deposit
This query is : Resolved
23 July 2012
i have deposited 25000/- at the time of vat registration mvat in .f.y2009-10, i heard that now this deposit amount can not be adjusting against the vat liability.
is it true or what? if yest then can i refund the deposit or what else... please urgent
is it true or what? if yest then can i refund the deposit or what else... please urgent
CA mahesh birla
(Expert)
23 July 2012
Deposit for registration for the financial year 2009-10 was adjusted in VAT payable or you can take refund of the same at the time of first assessment.
Now situation got change, but for you old provision will work
Now situation got change, but for you old provision will work
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