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Vat refund limit

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Querist : Anonymous

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Querist : Anonymous (Querist)
12 September 2012 There is a excess payment of vat tax for FY 11-12 of rs 147000/- so can i carry forward it in next FY or i have to claim the refund by submitting Form 501

12 September 2012 Any refund above 1 lac Rs is to be claimed as refund. Hence a refund claim has to be made



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