MVAT Refund Cannot Be Adjusted Against Future Period Dues Settled Under Amnesty: Bombay HC

President Trade And Exim Corporation Vs State of Maharashtra & Ors. (Bombay High Court) Bombay HC: Refund for one Tax Period cannot be adjusted against future Tax Period under MVAT Act when dues for future Tax Period are already settled under Amnesty Scheme The Bombay High Court in “President Trade and Exim Corporation Versus The State of Maharashtra & Ors., Writ Petition (L) No. 16027 of 2024 dated 12/02/2026” held that refund which was due to the Petitioner for Tax Period: 2007-08 under the Maharashtra Value Added Tax Act 2002 could not have been adjusted against dues of ...