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Declaration of trunover regarding

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(Querist)
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
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Sanjeeve Narayanan R

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

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Amol S Joglekar (Expert)
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.



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Sanjeeve Narayanan R

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Sanjeeve Narayanan R (Expert)
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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