When Vat Reg.is done ,if in that Financial Year There is excess credit then whether it will be carryforwarded for the next year or next return ? Suppose if Reg.number is taken Vountarily then whether it can be carry forwarded as per Maharashtra VAT Act 2002? both are related to MVAT ACt 2002.
No c/f is allowed post 07-08. Refund has to be claimed on year on year basis. Need any help call me on cell no.9322283578.
Adv Pawan Kejriwal
Thanks a Lot SIr ,
Exactly i want ot know that whether for FIRST YEAR of Reg.we can carry forward excess credit or not .
CAclubindia
