My client forgot to carry forword Input tax credit(MVAT) for the month of april 2011, and after the completion of the financial year end 2011-2012, he realised that he has not claimed the ITC of April 2011. Can he Claim the ITC for the month of april(2011) in the fiancial year 2012-2013? Please reply.
25 December 2012
Application in form 501 is to be submitted within period of 18 months from end of the year containing the period to which the month relates so you can submit same during FY 12-13.
CAclubindia
