What will be the refund process of VAT credit under Form 501? Is it a lengthy process?
And which option is more preferable taking the credit in GST regime or applying for refund?
Thanks!
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FORM 501 VS TRANS1
Replies (2)
better to take credit under GST regime.
But the client wants refund as he doesn't want to go through the hassle of getting the statutory forms which are to be submitted...
Also how much time refund will take to process?
Also how much time refund will take to process?
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