Time limit for input claim under kvat rules
This query is : Resolved
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
Pls quote if any clarification/notification from the deptmt.
Thanks in advance.
RAM
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
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
23 September 2011
I agree with the expert
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
- Reporting Income under Section 44ADA
- Off Market debit and credit transaction
- Itr 1 processing
- Showing Gift from relative in ITR for this year
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- ITR 1: Details for showing Exempt Income
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR 2 Short Term gain & Long term gain
- ITR returnFY25-26
- Short Term Capital gain on shares bought and sold after 2018 onwards
- TDS 194R on GST effected
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
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
