Mvat refund in form 501 for f.y. 2013-14

This query is : Resolved

DIVYESH JAIN (Querist)
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18 January 2016 Hello,

I have a query regarding claiming MVAT Refund in Form 501.

One of our client wants to claim MVAT Refund for y.e. 31.03.2014 but the due date for claiming the same has expired. It is quite a big amount so it is for them to claim the Refund either online or offline. We have tried to fill the form online but it does not get validated as due date has been expired.

I cannot Revise the return also and carry forward the Refund amount to next year as the Returns are already revised before and Refund has been claimed. Also there is no VAT Audit.

Please help how can I resolve this issue.

Arun Biyani

Arun Biyani (Expert)
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19 January 2016 You can not now receive refund amount. As per law one has to ask for (apply for) refund. Government is under no obligation to distribute refund if not asked. Only chance now you can take is to just make an application stating all the fact to commissioner along with attaching 704 acknowledgment and ask for refund. Although chances are now only 1 out of 100 that your application is accepted.