Dear Friends/ Seniors
Can anyone please let me know that for FY 2011-12 is it mandatory to claim refund under MVAT if the MVAT credit exceeds Rs 1 Lakh or it can be c/fd to the subsequent period.
Thanks in advace.
Warm regards
Ravi Dasija
2 Replies
CA Manish
(Job)
(5264 Points)
Replied 31 December 2012
If the refund claim is upto rs 1 lac then you can carry forward.
Ravi Dasija
(C.A. )
(273 Points)
Replied 31 December 2012
Thanks a lot sir.
Can you also guide me as to if the amount is not utilised within 2 years then can it be claimed as refund or it has to be c/fd.
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