how can get refund of deposit which have been paid at the time of voluntary registration for vat, if there is no tax liability.should it carry forward for how many year. Is there any time limit to carry forward the deposit.
01 March 2012
Deposit for VAT paid at the time of registration shall be refunded / adjusted only at the time of closure of the business and not other wise..
Querist :
Anonymous
Querist :
Anonymous
(Querist)
01 March 2012
sir, It means it is not adjusted against tax liability while running bussiness.