Have one query-
ITC claimed through Tran-1 was rejected by stating that amount of refund in Original MVAT return was NIL.
We were advised to approach nodal authority and apply for refund under MVAT Act,2002.
However even the nodal authority has not selected our case for refund
What should be the way forward?
User Questions ITC Rejection Due to NIL Refund in Original MVAT Return; Considers Writ for Resolution A user raised a query about the rejection of their Input Tax Credit (ITC) claimed through Tran-1 due to a NIL refund amount in their original MVAT return. They were advised to seek a refund under the MVAT Act, 2002, but the nodal authority did not select their case. A respondent asked for clarification on why the original return showed NIL, while another explained that the revised return showed a refund amount. The department's circular restricts Tran-1 claims to the original return's amount, suggesting filing a refund application for the revised amount. Another respondent suggested considering a writ in the High Court. (AI Summary)
TaxTMI 
TaxTMI 
TaxTMI 
