Vat refund
This query is : Resolved
08 June 2012
We have taken new VAT Reg No. and Purchased Machinery on which VAT paid is Rs.325000/- in Jan 12 .
No sales and other transaction took place in 11-12.
Can we claim entire VAT paid on machinery as refund in March 12 Return.
No sales and other transaction took place in 11-12.
Can we claim entire VAT paid on machinery as refund in March 12 Return.
09 June 2012
As per MVAt Act you can aplly for Refund in Form 501 within 18 months from the end of Financial year.
09 June 2012
thanks ....
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