Menu
Mvat excess payment paid in q4
One of our clients has made an excess payment of MVAT in Q4 FY 2013-14 of Rs. 14,00,000. We realised that now. Can we set-off that amount against liability of Q1 FY 2014-15, if yes, how much can we set off Rs. 1 Lakh or 5 Lakh? or will we have to claim a refund in Form 501 ? Please reply as early as possible. Thank you.
Saloni
Replies (1)
as per act language if Vat credit exceeds rs 5 lacs then you have to claim Refund through filing Form 501.
Recent Topics :
- Cash deposited by customer
- CAPITAL GAIN REG
- Built a simple tool to automate client document fo
- Capital Gain on Sale of SRA Allotted Flat Received
- Discrepancy in Auto populated figures in GSTR1 of
- What should I do after receiving a GST Show Cause
- Discuss and Download CA Inter Question Paper Septe
- Hi experts needed some help
- Gift of Immovable Property u/s 92 of Income Tax Ac
- NSE BSE Pre-open session changes from 7 September
Related Topics :
CAclubindia
