What should be done for Excess MVAT Credit for FY 08-09 ?
Should it be carried Forward to FY 09-10? OR
Refund should be claimed by applying in Form 501?
1 Replies
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 01 January 2011
refer your opening balance taken on 01-04-2009, if refund claimed in 2009 march then after assessment its payable, if carried forward then it will go to next year.
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