Debit & credit note
This query is : Open
05 October 2011
Can anybody tell me about prescribed time limit for rate difference in sale or purchase price to be settled by issuing debit / credit notes??
Pl help
Thanks
Pl help
Thanks
06 October 2011
Under VAT only the good return only time limit prescribed, for rate difference when ever you are raising you need to include in the return for the particular month
Message likes :
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07 October 2011
Dear Ramesh,
Thanks for the reply. if we recd debit note from the custmer for sales made before 6 months can we reverse the vat?
Pl help
aslo give rule or clause referance.
thanks
Shankar
Thanks for the reply. if we recd debit note from the custmer for sales made before 6 months can we reverse the vat?
Pl help
aslo give rule or clause referance.
thanks
Shankar
08 October 2011
yes. most of the state vat acts allows the sale return & rate difference debit note with in 6 months or completion of assessment which ever is earlier. but need the exact state to clarify further
08 October 2011
Dear Ramesh
Thanks
I m asking for Maharashtra VAT. Pl clarify.
Shankar
Thanks
I m asking for Maharashtra VAT. Pl clarify.
Shankar
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