Transition - transfer of vat credit
This query is : Open
samkasvala
(Querist)
03 September 2017
As per ORIGINAL vat return excess amt claimed as REFUND Rs 365809
As per REVISED vat return excess amt is CARRIED FORWARDED Rs 366932
Question : We dont wish to claim additional credit as per revised return because legally as per revised return any additional credit in revised return is not allowed .So
1.Do we have to necessarily claim as refund under VAT OR
2. we can c/f credit of Rs 365809 as per original return (even though in the return it is mentioned as refund)
3.we can c/f credit of Rs 365809 as per REVISED return (in revised return amt is 366932 but we wish to c/f
only allowable Rs 365809)
As per REVISED vat return excess amt is CARRIED FORWARDED Rs 366932
Question : We dont wish to claim additional credit as per revised return because legally as per revised return any additional credit in revised return is not allowed .So
1.Do we have to necessarily claim as refund under VAT OR
2. we can c/f credit of Rs 365809 as per original return (even though in the return it is mentioned as refund)
3.we can c/f credit of Rs 365809 as per REVISED return (in revised return amt is 366932 but we wish to c/f
only allowable Rs 365809)
03 September 2017
You have exact records in both also you can claim....
Just you ll be take as per your records.
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