https://www.taxtmi.com/circulars?id=8182 Processing of refund applications under the Delhi VAT regime mandates prompt issuance of a statutory notice for requisite documents, detailed analysis of suppliers' tax payments and claimants' purchase registers to substantiate ITC, and reconciliation with returns. Security may be prescribed under section 38, with bank guarantees preferred for missing interstate C/F forms and demands created where forms are overdue. Authorities must examine credit notes, discounts and TDS certificates for proportional ITC adjustments, use the Refund Processing System to flag cases, consider audit/enforcement findings, and undertake physical verification where necessary. en-us Wed, 14 Jul 2010 00:00:00 +0530 Sat, 17 Jul 2010 17:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=8182 Processing of refund applications under the Delhi VAT regime mandates prompt issuance of a statutory notice for requisite documents, detailed analysis of suppliers' tax payments and claimants' purchase registers to substantiate ITC, and reconciliation with returns. Security may be prescribed under section 38, with bank guarantees preferred for missing interstate C/F forms and demands created where forms are overdue. Authorities must examine credit notes, discounts and TDS certificates for proportional ITC adjustments, use the Refund Processing System to flag cases, consider audit/enforcement findings, and undertake physical verification where necessary. Circulars VAT - Delhi Wed, 14 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/circulars?id=8182