Extra vat charged
This query is : Resolved
23 January 2014
Hi
In one purchase bill vat is charged 5% instead of 2%. Commodity is yarn.
What is the treatment of excess vat charged by client. Please solve this query as early as possible.
Thanks
Sunny Dhupper
In one purchase bill vat is charged 5% instead of 2%. Commodity is yarn.
What is the treatment of excess vat charged by client. Please solve this query as early as possible.
Thanks
Sunny Dhupper
Ankit Varia
(Expert)
23 January 2014
If the client has charged excess VAT, the only way out is to persuade the vendor to revise the invoice and make it proper.
If the payment is already made then try to recover the same.
If the payment is already made then try to recover the same.
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