Vat refund
This query is : Resolved
14 October 2011
I do have a VAT (unclaimed) refund of Rs. 28,000/- for the year 2010-11 which has been shown in the return also.
I would like to ask,
a. whether this refund can be adjusted against my dues for Apr-11-to-Sep-11 ?
b. Secondly, if there is again excess credit for the said period i.e. Apr-Sep-11, can the last year's refund be carried forward to next year ?
I would like to ask,
a. whether this refund can be adjusted against my dues for Apr-11-to-Sep-11 ?
b. Secondly, if there is again excess credit for the said period i.e. Apr-Sep-11, can the last year's refund be carried forward to next year ?
15 October 2011
You can carry forward credit for a month to next month. At the year end you should claim for the excess tax paid.
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
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Tax on Amount transferred in HUF Account
- Nursery business
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Working on Gold wastage during Melting of old gold jewellery
- TDS on Dashcam rent and allied services
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Capital gains in IT returns
- Import Order Cancelled.
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
