Dear All,
Can we carry forward excess credit of MVAT to be adjusted in the next years returns.
Menu
VAT Carry Forward
Replies (4)
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 ?
Recent Threads
- Consortium Partnership: GST and TDS query
- Luxury premium car - Lease or Loan
- Income tax act 40 A (3)
- Transmission of deceased's shares in physical form
- Shall I pay GST payment for unkonwnly cancelled in
- Error in GSTR1 filing for October 25
- Inverted Rate structure .
- Exemption to be climed
- GST TDS u/s 51 Applicability on RBI and it's subs
- Time allowed to buy another asset
Related Threads
CAclubindia
