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Mvat query

VAT (Legacy) 479 views 1 replies

Can anybody explain me the complete procedure of MVAT Refund???

Thnx in advance!!!!!

Replies (1)

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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