Mvat audit fy 2017 - 18

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Dear all,

After Finalising the MVAT Summary for the period  01.04.2017 to 30.06.2017, the balance of Input Tax Credit is arrived at Rs 1,30,000/- . Out of above Rs 1,00,000/- is claimed in Tran-1,  Since Tran-1 cannot be revised now, as due date of revising the form is lapsed. Whether we can claim balance  Rs 30,000/- (ie. Total of Rs.1,30,000/- less claimed in Tran-1 Rs.1,00,000/-), as refund in the MVAT return?

Replies (1)

Yes, you can claim it as refund and fill form 501 

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