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Amount of tax

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Querist : Anonymous

Querist : Anonymous (Querist)

29 April 2016 one of my client had applied for vat in the month of December and got it approved in the month of January. now whether he has to disclose all his Gross sale in this quarter (From April to March) or From January to March ?? what will be treatment as per Punjab Vat Act.

another Question if Answer is NO (only Sale From January to March is filled in this quarter), Then how to Tally this information with Annual Statement where details of all the quarter has been filled in near future.

Murtaza I Bhagat

Murtaza I Bhagat (Expert)

29 April 2016 while apply for VAT registration you have to show taxable turnover for compulsory registration and then after you have to show turnover after registration date for the 4th quarter and in Annual Return you have to show turnover for the whole year.

Querist : Anonymous

Querist : Anonymous (Querist)

06 May 2016 whether i have to pay tax on the amount on which i have not deducted any VAT tax liability

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