EXCESS EXEMPT PURCHASE IN MONTHLY VAT RETURN
This query is : Resolved
Prashant Kumar Gupta
(Querist)
09 April 2010
I wrongly submitted Rs 16,000/- excess exempt purchase in UP Vat return for the M/o January 2010. Now can I less submitted exempted purchase by 16,000/- in March 2010 return.
Pls tell me what is the right way?
Pls tell me what is the right way?
09 April 2010
you can file revised Vat returns for the month of January 10 by correctly mentioning exempted purchases. Since there is no tax liability there is no question of payment of Interest. But you cannot show less exempt in march , again march month vat returns becomes wrong.
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