Dear friends
xyz pvt ltd company get a contract order from bhusan steel ltd. for rs. 2500000.00 & bhusan steel can deduct vat @ 4% on the bill amount Rs.100000.00 & the xyz company get a certificate from commercial tax departmant of odisha for the contractor can deduct 20% of the sum received by the contractor & no deduction of tax at 80% sum received by the contractor & my query is that the xyz company can show his vat return of the above vat amount & which amount o be show in vat return kindyl clarify
CAclubindia
