Mvat tax lib & refund

  Yes, it is automatically done by the department. The balance/difference has to be paid or refunded/adjusted..........mjk

Sub : MVAT

but dept. not adjusted the Tax Liab against Refund & sent noticed in Form 302 to pay the tax liability showned in form 704. We have paid the same & submitted Challans to the dept but, for next financial year the position was same like Tax Liab. as well as refund & we have not paid anything yet. 

So, My Question is that,

 we have to pay the said Liab. or not ?

Thanks & Regards,

Vinayak

   They may intentionally demand for paying the arrears, but you should write back asking them to adjust the excess already available in your account.Even now it can be done. You can adjust the excess for any dues that arise in this or next financial year or ask for refund at anearly date(within 18 months).......mjk

Thanks for your reply

Vinayak