Declaration of trunover regarding

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B SRINIVAS (Querist)
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17 March 2016 Dear Sir please tell us Trunover declaration in Vat Returns for expample I Have received Rs 50,00,000/- bill amount + 5% Total Receipt = 52,50,000/- then the turn over is before vat or with vat shall I declared in vat returns

Sanjeeve Narayanan R

Sanjeeve Narayanan R (Expert)
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17 March 2016 you have to declare an amount excluding vat as Turnover in vat return

Amol S Joglekar

Amol S Joglekar (Expert)
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17 March 2016 Which STATE you are from? In most of the VAT returns, both the amounts are required to be disclosed. Net of tax as well as Gross.

Sanjeeve Narayanan R

Sanjeeve Narayanan R (Expert)
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17 March 2016 in the turnover column,you have to disclose Rs.50L and in the tax Column Rs.2.5L(being vat amount)

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