Revised Return

[LAXMIKANT ARORA]

Dear Sir,

                  Please tell  me that can we file a revised return without prior perimssion of higher authority in the case of  Input Tax Credit excess of Rs. 108000.00

[YAGAY and SUN]

Dear Mr. Arora,

I presume, that your query pertains to DVAT Act and according replying to your query:-

Section 29 of DVAT Act.

Revised Returns

1. A person who furnishes a revised return in correction of some error that has been detected, shall do so by furnishing Form DVAT-16 along with an explanatory note specifying the mistake or error because of which it has become necessary to furnish a revised return. 2. A person paying tax under section 16 and wishes to furnish revised return to correct any mistakes/errors as detected by him, shall furnish in form DVAT 17 along with an explanatory note specifying the mistake or error because of which it has become necessary to furnish a revised return.

AI Summary

Revised return must be filed using prescribed DVAT forms with an explanatory note; form depends on tax payment basis.
Revised returns to correct detected errors must be filed on the prescribed DVAT form with an explanatory note. Generally use Form DVAT 16 with an explanatory note specifying the mistake; taxpayers paying tax under the statute's specified payment provision must use Form DVAT 17 with an explanatory note to correct errors.