Basis for depositing vat and its retun

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
29 April 2012 In ome cases we deposit vat (sales tax) on monthly basis and in some cases on quarterly basis and same with the return of vat. On which condition we do this

29 April 2012 VAT:
If the tax liability in the PY was

TL > 10L Return is to be filed on a monthly basis

TL less than or equal to 10L but greater than 1L Qtrly

TL <= 1L Six monthly

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
30 April 2012 Thanks for the reply, but what about payment vat, when it is payable on monthly and when quarterly,

01 May 2012 The previous year liability is applicable for Both VAT and CST payment.

So both depends on PY libility


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



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro

Follow us
add to google news


Answer Query



Company
Featured 15 June 2026
Senior Auditor

N. Dhawan & Co

New Delhi

CA Inter

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
05 July 2026
Financial Controller

NovumLake Partners

Mumbai

CA

View Details
Company
Featured 24 June 2026
HEAD - AUDIT AND TAXATION

A R JADHAV AND ASSOCIATES

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 24 June 2026
ARTICLE ASSISTANT

BHUPINDER SHAH AND COMPANY

New Delhi

CA Inter

View Details
Company
24 June 2026
Chartered Accountant

CA Darshita Shah & Co

Nadiad

CA

View Details
Company
20 June 2026
Chartered Accountant

ANV & Company

New Delhi

CA

View Details
Company
ARTICLESHIP 28 June 2026
Article Assistant

Sharma Chetan And Company

Gurgaon

CA Inter

View Details