Vat refund for fy 2007-08

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

12 August 2011 Sir/Madam,
A dealer has claimed refund for FY 2007-08 in his VAT Returns and also in the Vat Audit Report but failed to file the form 501 till date. the Department states the its time barred and even if it is filed online the system would reject it.
In this case what should be done? The claim is of around 5 lakhs.
Is there any representation made to the department for extending the time limit for FY 2007-08?

U S Sharma

U S Sharma (Expert)
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12 August 2011 visit the officer and settle with him to file the form 501.

CA Ayush Agarwal

CA Ayush Agarwal (Expert)
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12 August 2011 From Which state UR.
since Depend on State Rules.

and also u can settel with that officer.

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Querist : Anonymous

Querist : Anonymous (Querist)

13 August 2011 @U S Sharma sir, could you please guide me as to what reason i should quote for the failure to file 501..

@ayush Sharma Sir m from Maharashtra...

CA Ayush Agarwal

CA Ayush Agarwal (Expert)
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13 August 2011 I think U couldnt Get Meaning of settlement.
and by the way i m not ayush sharma

Querist : Anonymous

Querist : Anonymous (Querist)

14 August 2011 err sorry sir Ayush Agrawal.. :)