VAT Carry Forward

Yes you can

I would disagree with Bhagyesh. If there is an excess setoff in the month of march, it cannot be c/f to next year. Refund has to be claimed in form 501. Excess setoff of any other month can be c/f to the next period.

The relief of c/f was given in the years 2005-06 and 2006-07 through a circular. However no such circulars were issued in the year 2007-08 or further.

I Agree with Bhagyesh

can anybody give the relevant circular on the same ?