Ours is the small scale industry we taking input credit, but we are not able to use 100% of amount to take input as 75% of sales were to interstate. Hence kindly help me how to claim the unused input amount.
Thanks in advance.
Jothi (Elastomeric Engineers-Admin Manager) (108 Points)
22 June 2012Ours is the small scale industry we taking input credit, but we are not able to use 100% of amount to take input as 75% of sales were to interstate. Hence kindly help me how to claim the unused input amount.
Thanks in advance.
KRISHNAPRASAD IYER
(B.Com , CA Final)
(657 Points)
Replied 22 June 2012
The unused input credit can be used next year .
You cannot claim a refund as such.You can only set off against vat payable
RENGARAJ R.K
(ADVOCATE)
(7557 Points)
Replied 24 June 2012
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