Can anybody explain me the complete procedure of MVAT Refund???
Thnx in advance!!!!!
1 Replies
vinay hingu
(hard work is key to success)
(165 Points)
Replied 31 March 2013
you have to file form 501 for refund to the department if your refund goes abvoe 1 lakh or if it is below 1 lakh you have to carry forward the refund amount
after filling form 501 they may send you notice for assessement or they may directly transfer amount to your bank account
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