vinesh gupta
(Querist) 02 June 2014
This query is : Resolved
regarding refund procedure
we want to take a refund of m/s adyant metal industries jagadhri approxmately value worth rs one lacs it is of various assesment year 2010 to 2014 . our dealer is doing trading of metal utensils . we have paid tax @ of 5.25% at the time of purchasing the utensils and sold all the utensils against c form and receieve tax only 2%that excess tax paid on purchases is our refund.
R K JAIN
(Expert) 03 June 2014
Claim the refund in the quarterly returns as well as in the annual return for the year 2014-15. Approach Assessing Authority to make the assessment order and allow the refund in the assessment order for the year 2014-15 instead of carry forward of input tax.
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