Exempt Sales - Under VAT...Clarification needed
This query is : Resolved
22 September 2010
Dear Experts,
While auditing a private limited company, sales done by the private limited company is exempt under VAT Act. I just asked a question even though it is exempt are u filing Nil VAT return for the company so that i can verify the sales filed by the company.
For this question i have been criticized by the employee of that company whether i knew anything about VAT.
I am really confused, is it that much wrong to ask a question like this?
Please experts clarify my stand.
With regards,
Rajesh.
While auditing a private limited company, sales done by the private limited company is exempt under VAT Act. I just asked a question even though it is exempt are u filing Nil VAT return for the company so that i can verify the sales filed by the company.
For this question i have been criticized by the employee of that company whether i knew anything about VAT.
I am really confused, is it that much wrong to ask a question like this?
Please experts clarify my stand.
With regards,
Rajesh.
23 September 2010
If the client has taken registration under VAT, he has to file the return. atleast nil Return.
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