Dear Friends/ Seniors
Can anyone please let me know that for FY 2011-12 is it mandatory to claim refund under MVAT if the MVAT credit exceeds Rs 1 Lakh or it can be c/fd to the subsequent period.
Thanks in advace.
Warm regards
Ravi Dasija
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Refund under mvat
Replies (2)
If the refund claim is upto rs 1 lac then you can carry forward.
Thanks a lot sir.
Can you also guide me as to if the amount is not utilised within 2 years then can it be claimed as refund or it has to be c/fd.
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