vat

deepak (Querist) 25 June 2011 This query is : Resolved
if vat for the year 2010-11 is refund then it will carry forward in next year and also show in next month in vat return in case of firm want to apply vat refund for the year 2010 -11

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soumitra basu (Expert) 28 June 2011
The firm has to apply in proper form for Vat Refund and pursue the same. If you opt for refund you cannot carryforward the input tax.

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