Excess Input Tax Credit election: dealers must choose refund or carry forward in prescribed VAT return columns. Dealers reporting excess Input Tax Credit in Form DVAT 16 must elect either to claim the amount as a refund in column R9.2 or to carry it forward in column R9.3; bifurcation between refund and carry forward is not permissible. Assessing authorities are directed to process refund claims and returns in accordance with the DVAT Act, 2004 and DVAT Rules, 2005, ensuring the dealer's single election is respected.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Excess Input Tax Credit election: dealers must choose refund or carry forward in prescribed VAT return columns.
Dealers reporting excess Input Tax Credit in Form DVAT 16 must elect either to claim the amount as a refund in column R9.2 or to carry it forward in column R9.3; bifurcation between refund and carry forward is not permissible. Assessing authorities are directed to process refund claims and returns in accordance with the DVAT Act, 2004 and DVAT Rules, 2005, ensuring the dealer's single election is respected.
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