Vat refund
This query is : Resolved
21 February 2012
business is trading.
1.Dealer has collected 12000 as Mvat & paid 15000 as Mvat during May. Filed the return. Can the excess Mvat paid ie 3000 be carried forward for the next month ie June?
2. Above condition exists in the month of march, can the excess Mvat of 3000 be c/f to the next year?
1.Dealer has collected 12000 as Mvat & paid 15000 as Mvat during May. Filed the return. Can the excess Mvat paid ie 3000 be carried forward for the next month ie June?
2. Above condition exists in the month of march, can the excess Mvat of 3000 be c/f to the next year?
21 February 2012
Yes you can carry forward amount of Rs. 3000 to next month.
21 February 2012
Can the amount be carried forward under No.2 situation? ie c/f to next FY.
21 February 2012
yes provided you c/f the amount in March month, and if dealer is under audit it should also be reflectd as c/f in audit report.
21 February 2012
As per the new provisions for the period 10-11 refund below 1 lac can be carried forward to subsequent period provided refund applied has been withdrawn refer circular 6T of 2011
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
- Itr 1 processing
- Off Market debit and credit transaction
- Reporting Income under Section 44ADA
- Showing Gift from relative in ITR for this year
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Share accounting-->fifo - capital gain - period as per fifo?
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR 2 Short Term gain & Long term gain
- ITR 1: Details for showing Exempt Income
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
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
