Form 704 ( VAT Audit ) Maharashtra
This query is : Resolved
15 February 2010
In Form 704 ( the Audit Report )it is made mandatory to give VAT TIN in Annexure No. J 1 of all the customers to whom you have effected the taxable sale.
In this context, I would like to ask that If my clients are not Registered Dealers under M-VAT Act, then how can I give the TIN numbers ? ( Suppose I sell Agriculture Tractors Trailers and my clientele is Farmers )
When I try to validate that particular sheet viz Annexure J 1, the template do not accept it and shows the error of not putting TIN. I can't complete the Audit Report. Will any expert guide me accordingly ?
In this context, I would like to ask that If my clients are not Registered Dealers under M-VAT Act, then how can I give the TIN numbers ? ( Suppose I sell Agriculture Tractors Trailers and my clientele is Farmers )
When I try to validate that particular sheet viz Annexure J 1, the template do not accept it and shows the error of not putting TIN. I can't complete the Audit Report. Will any expert guide me accordingly ?
15 February 2010
Hi!!
The solution to yourproblem is very simple.
Section J 1 is ment to cover transactions of B2B i.e. Business to Business in nature and not B2C i.e. Business to direct consumers. So you need not give such details. In this situation you have to show total of such sales and VAT collected in the last line of the section.
Further, for this year as per the guidence cell meeting held with the commisoner, it is not mandatory to fill Section J 1 completely. You can give details if you have. But it is not mandatory as there is no such provision in the act which says you have to collect TIN of coustomers.
Hope you find the answer to order.
Regards
The solution to yourproblem is very simple.
Section J 1 is ment to cover transactions of B2B i.e. Business to Business in nature and not B2C i.e. Business to direct consumers. So you need not give such details. In this situation you have to show total of such sales and VAT collected in the last line of the section.
Further, for this year as per the guidence cell meeting held with the commisoner, it is not mandatory to fill Section J 1 completely. You can give details if you have. But it is not mandatory as there is no such provision in the act which says you have to collect TIN of coustomers.
Hope you find the answer to order.
Regards
16 February 2010
Thank you very much for guidance given by you.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- Supply through E-commerce Operators
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Relief u/s Section 89
- TAN for Partnership
- Sales return eway bill
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- E way bill for tractors
- REGARDING GST LIABILITY/....
- Specified Profession
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Plot of land. Cost of Acquisition
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
