VAT-20 RETURN PUNJAB ACT - Accounts Experts - Chartered Accountants India,Taxpayers, CAs India, CA india ,ICAI, Company Secretary ,CS, Cost Accountants, MBA, Finance Professionals

Follow Us on Twitter

Home > Experts > Accounts > VAT-20 RETURN PUNJAB ACT

VAT-20 RETURN PUNJAB ACT (Accounts)
This query is : resolved
RAKESH kumar ( Author ) 13 November 2009	Dear Sir, if we have balance itc b/f 1st Qtr retrn to 2nd Qtr return by short amount. then how can we adustthe that amount in vat-20 under punjab act. suppose Itc of 1st Qtr Rs.50000.00 and c/f to 2nd Return.Rs.45000.00 shot by Rs.5000.00 in 3rd and 4th Qtr Return. what is the adjustment in vat-20. plz reply sir it is urgent.


Vig , Rakesh ( Expert ) 14 November 2009	You have to file Vat 20 as per return already filed with VAT deptt. while showing the difference of ITC per Books and Per Vat returns , but to consolidate you have to carry forward the itc balance in vat return for next year as per books of accounts leaving the carry forward diff.in that perticular period to justify it when assesment done.



Previous Next
You need to be the querist or approved CAclub expert to take part in this query . Click here to login ( ) now

Similar Resolved Queries :

Quick Links

Subscribe to Feeds

Subscribe to Experts Feed