Vat credit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 June 2012
sir,
We have vat credit in f.y.2011-2012,
we have to filed our april'2012, we want to know that can we carried forward vat credit in the month of april'2012
We have vat credit in f.y.2011-2012,
we have to filed our april'2012, we want to know that can we carried forward vat credit in the month of april'2012
Ram Avtar Singh
(Expert)
03 June 2012
if vat credit balance then claim refund or carried for next month
03 June 2012
The state of Maharashtra allows c/fd of vat credit of 11-12 if the credit is below or upto 1 lakh. This credit can be adjusted towards liability of April 12. But if the balance credit is more than one lakh it has to be applied for refund only.
subhash singh
(Expert)
05 June 2012
yes, you can carried forward for next financial year.
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