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
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.
05 June 2012
yes, you can carried forward for next financial year.
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
- About TDS & Income Tax
- Scrutiny and reopening of past returns
- PPF interest-As Exempt Income disclosure
- Pass word to open justification report for Q1 for FY 2026-27
- Tax on Deemed Capital Gain
- Section 194JA & JB Income which ITR Form to use
- Regarding ITR filing with more value than showing in AIS/TIS
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- ITR-3 File/Error Found
- Exiting partner in partnership firm in gst portal
- Taxability of credit in canara bank ET & T section (NRO)
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
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
