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 andSUN]

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 Tax Return Filing Allowed Under Section 29 DVAT Act with Form DVAT-16 or DVAT-17 for ITC Errors A query was raised regarding the possibility of filing a revised tax return under the DVAT Act without prior permission when Input Tax Credit exceeds Rs. 108,000. The response clarified that under Section 29 of the DVAT Act, a revised return can be filed to correct errors by submitting Form DVAT-16 with an explanatory note. Additionally, those paying tax under Section 16 must use Form DVAT-17, also accompanied by an explanatory note detailing the errors necessitating the revised return.