Refund for revised return karnataka vat

Others 3307 views 2 replies

Hi,

We have been filing Karnataka VAT returns regularly. Recently we noticed a mistake that (in March) we have double Invoiced a client (raised two Invoices for the same items). Without us noticing, VAT return was filed as usual in APR2013. Recently while preparing for IT rtns we noticed the mistake.

Considering we are in July 2013, what is the best way to correct this. Will filing a revised rtn entitle us to a refund (will the online system give us the credit after these 4~5 months, or will the dept. give us a refund by means of PO/Chq/DD)

Has anyone gone through this situation before? Please let me know the best procedure.

Thanks for your advice in advance.

Jothi

 

Replies (2)

Hii  jothi,

 

You can file revised return up to 6 months as per sub section (4) of Sec 35 of the act. You may required to give reasons for revision while filing the revised return. You can get the refund after assessment is completed.

 

Thank you, Vinod

But any idea or experience how long the procedure might take?


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