21 December 2014
In form 704 (Maharashtra VAT) for year 2011-12, Sales returns shown as purchase in J2 instead of J3 (rejected material is received by excise invoice)
As per customers Audit report form 704 same amount shown as Purchase return.
Now STO is asking to pay the amount with interest and penalty for the same amount and suggested to revise return showing sales return for refund.
22 December 2014
Why STO is asking for payment of amount with interest and penalty?
Querist :
Anonymous
Querist :
Anonymous
(Querist)
22 December 2014
As per STO's opinion The setoff is only allowed as purchase if customer shown in J1 Even customer shown the same amount in J4 it's your fault that you haven't claimed it under J3 You have to pay first and revise return and claim for refund
22 December 2014
Why to PAY first? He should allow you to REVISE directly, if STO is satisfied with your claim.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
22 December 2014
I requested to revise directly But his opinion is there is no provisions in act to revise at the time of assessment And mistake in filling form 704 is offence