Refund adjustment against interest of mvat act,2002

Hi,

 

Can Excess claim of  Vat Set-off  adjusted against interest payable under M.Vat Act,2002

 

For Example - Out Put Vat on sales -10,000/- Less Input Vat on purchase -15,000/- = Refund in this case =5,000/- & Interest on non payment of Vat = 3,000/-.

 

Can we adjust like 5,000/-(Refund) Less 3,000/-(Interest) = 2,000/- Refund or carried forward.

 

Please help me.

Replies (1)
no,, interest never adjusted

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