Time limit for input claim under kvat rules

This query is : Resolved

Ramalinga H.B (Querist)
Follow

20 September 2011 Dear Experts, Hope u enjoying your hectic schedule. i have a query. Is there any time limit to claim input credit under KVAT Rules if the dealer is not all filed his returns. for eg; he has not filed the return from Apr 10 and now he wants to file all the returns from Apr 10 till Aug 11 at one go. Can the department deny the input credit for April 10 to March 11?
Pls quote if any clarification/notification from the deptmt.
Thanks in advance.
RAM

MJ Krishnamurthy

MJ Krishnamurthy (Expert)
Follow

21 September 2011 Mr Ramlinga,
Time given to rectify the returns is six months.But you have not filed any return at all for the last one and a half years.In this case the system installed by commercial taxes department rejects your registration itself or it is temporarily invalidated.Sometimes it might not have happened.If you have the username and password issued by the dapartment try to do e-filing of all the pending returns correctly.For the delay in filing of returns you have to a penalty of 10% of the
tax due and interest @1.5%/pm for the delayed period.If the computer does not accept the returns go to the LVO and get the account activated.After that file all returns.
MJK