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Vat credit

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Querist : Anonymous

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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
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Ram Avtar Singh

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Ram Avtar Singh (Expert)
03 June 2012 if vat credit balance then claim refund or carried for next month
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Dayal

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Dayal (Expert)
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.
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subhash singh

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subhash singh (Expert)
05 June 2012 yes, you can carried forward for next financial year.
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