Vat refund limit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 September 2012
There is a excess payment of vat tax for FY 11-12 of rs 147000/- so can i carry forward it in next FY or i have to claim the refund by submitting Form 501
Ankit Varia
(Expert)
12 September 2012
Any refund above 1 lac Rs is to be claimed as refund. Hence a refund claim has to be made
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