23 July 2012
i have deposited 25000/- at the time of vat registration mvat in .f.y2009-10, i heard that now this deposit amount can not be adjusting against the vat liability.
is it true or what? if yest then can i refund the deposit or what else... please urgent
23 July 2012
Deposit for registration for the financial year 2009-10 was adjusted in VAT payable or you can take refund of the same at the time of first assessment.
Now situation got change, but for you old provision will work