Carry forward or refund of VAT credit permitted; refund claims processed as per statutory refund procedure. Where input credit remains after application under the utilisation rule, the dealer may carry forward the remaining credit to the next calendar month or claim a refund at the end of a tax period; the Commissioner shall process refund claims under the Act's refund provisions, refunds are claimable only at the end of a tax period, and inadvertent excess payments shall be treated as credit in the relevant month or tax period.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Carry forward or refund of VAT credit permitted; refund claims processed as per statutory refund procedure.
Where input credit remains after application under the utilisation rule, the dealer may carry forward the remaining credit to the next calendar month or claim a refund at the end of a tax period; the Commissioner shall process refund claims under the Act's refund provisions, refunds are claimable only at the end of a tax period, and inadvertent excess payments shall be treated as credit in the relevant month or tax period.
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