if company's Debit balance of VAT of year 10-11 still stood in year 12-13 and on these matter they say that if VAT assessement come then we will adjust against...
so what the actually solution of this...
Lalit Nyati (Student) (487 Points)
29 November 2012if company's Debit balance of VAT of year 10-11 still stood in year 12-13 and on these matter they say that if VAT assessement come then we will adjust against...
so what the actually solution of this...
CA Pintu Mishra
(Chartered Accountant- Industry)
(514 Points)
Replied 29 November 2012
Debit in case of vat can be claimed as cash refund.....dont adjust claim for cash refund