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?
A R Krishnan (Article Assisstant) (24 Points)
01 January 2011What 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?
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.
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
CAclubindia
