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?