Vikram Mehta
Vikram Mehta
Associate Editor : 2004-05, 2014-15, 2015-16, 2016-17
Editor : 2017-18, 2018-19, 2019-20
Selected Editorial : October 2017
Unilateral Adjustment of Refund
The carry forward of refund as shown in the return of VAT into the GST era, has been made subject to receipt of C/F/I forms. This per se is not a matter of concern, but in Trans 1, the Government is directing to put the list of forms received and pending from the period 1st April 2015 to 30th June 2017. The outcome of such information feeding should not result in adjustment of refund claimed in Form 501 for the period 2015-16 and in the refund as claimed in the return for the period 30-6-2017. Necessary instructions shall have to be given down the line to the refund sanctioning authorities, so that it does not result into double loss to the dealers.
Much Ado about “Something”
Maharashtra was one of the few States having online au.......


