TaxTMI 
TaxTMI 
Processing of VAT refund - New certificates introduced, need to be recorded by the concerned officers while processing refund
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....15 CIRCULAR NO.12 OF 2015-16 SUB : INSTRUCTIONS REGARDING PROCESSING OF REFUND Your kind attention is invited to the Circular No.6 of 2014-15 issued by the Special Commissioner (Policy) vide Circular No.F.3(378)/Policy/VAT/2013/238-244 dated 04.08.2014 (copy enclosed) wherein the legal provisions and rule position relating to refund claims to be passed by the department as per the DVAT Act, 200....
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.... a notice under Section 59(2) of the DVAT Act, 2004. Therefore, either the refund should be disbursed within two months of filing of application/return or the notice u/s 59(2) for seeking more information is to be issued within the prescribed time. There can be no other situation. There are also provisions in the Act for payment of interest to the dealer in case of delay of disbursement of refund.....
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....rned officer in noting side of the file: Certificate by Value Added Tax Inspector (VATI) It is hereby certified that the transporters have been found functioning on field visit. All the GRs have been verified. Transportation charges have been received by the transporters from dealers in authorized mode of payment. Value Added Tax Inspector (VATI) Certificate by Ward In-Charge It is certified ....
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....oval of refund amount to the tune of Rs…………………… for the period………………… in favour of M/s………………………….. VATO/AVATO/WARD INCHARGE Certificate by Zonal Accounts Officer (Refund) Seen the proposal of Ward In-Charge and it has been....