Dear Seniors please guide me in the following situation – My companies d vat return on IV Quarter of FY 2009-2010 we are claim Rs. 5,02,000/- as refund, but later on we are again revised the same return and carry forward the refund amount to the next quarter i.e. I Quarter of FY 2010-2011 and we are claim Rs. 3,64,000/- as refund.
But Department overlook our revised return of IV Quarter of FY 2009-2010 and they refund us Rs. 5,02,000/- on our bank account. So what we are do now, we deposit the difference amount Rs. (5,02,000/- - 3,64,000/- = 1,38,000/-) to the department after adjusting I Quarter of FY 2010-2011. Please guide me.
CAclubindia
