Pursuant to agreed formula for initial adjustment of Net Credit Carry Forward (NCCF) with State of AP, Telangana Govt issues guidelines for arriving at “Provisional Gross 28 NCCF”; Inter alia, states that amount of NCCF as per May 2014 tax period (duly modified by revised return, if any) must be arrived by backend process; Where dealer does not respond to ‘Initial intimation notice’, then provisional gross 28 NCCF will not be given credit until his response

Telangana VAT Circular CCT’s Ref. No. A(1)/11/2014 dated June 2, 2015
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