Adv.Gautam Shethiya (Proprietor) (67 Points)
24 June 2009
When Vat Reg.is done ,if in that Financial Year There is excess credit then whether it will be carryforwarded for the next year or next return ? Suppose if Reg.number is taken Vountarily then whether it can be carry forwarded as per Maharashtra VAT Act 2002? both are related to MVAT ACt 2002.
P R KEJRIWAL
(Vice President)
(40 Points)
Replied 26 June 2009
No c/f is allowed post 07-08. Refund has to be claimed on year on year basis. Need any help call me on cell no.9322283578.
Adv Pawan Kejriwal
Adv.Gautam Shethiya
(Proprietor)
(67 Points)
Replied 26 June 2009
Thanks a Lot SIr ,
Exactly i want ot know that whether for FIRST YEAR of Reg.we can carry forward excess credit or not .
CAclubindia
