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

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.