Refund in MVAT.

[RAHUL GAIKWAD]

I have not filed the Refund Application in Form 501, for FY 2017-18, within the prescribed time limit.

how can I claim the refund ?

Is there any High court decision in said matter.

please provide the deatils.

[YAGAY andSUN]

Time Limit For refund Application undre MVAT: –

The said dealer may apply to commissioner at any time after the end of said succeeding year to which refund relates, provided where any return has been filled at any time after date prescribed for filing the last return of the said year then refund shall be granted within 18 months of date of filing of such belated return.

Time Limit For Filing 501: –

The Filling shall be done within stipulated time limit of 18 months from the end of the financial year to which refund claim relates.

If stake involved are huge, then, you may write to MVAT Commissioner or file a writ petition in Jurisdiction High Court.

AI Summary

Claiming MVAT Refund for 2017-18: Apply to Commissioner if Form 501 Deadline Missed, Refunds Within 18 Months A user inquired about claiming a refund under the Maharashtra Value Added Tax (MVAT) for the fiscal year 2017-18 after missing the deadline for filing Form 501. The response explained that a dealer can apply to the commissioner for a refund after the end of the succeeding year, provided the return was filed after the prescribed date. Refunds should be granted within 18 months of filing a late return. If significant amounts are involved, the user may consider writing to the MVAT Commissioner or filing a writ petition in the High Court.