Meaning of kvat

This query is : Resolved 

08 December 2008 Sir,

What is kvat 240? is it filed annually?

10 December 2008 VAT 240 under KVAT is an Audit report under VAT Rules to be filed with in 9 months from the end of relevant financial year. The same has to be filed compulsorily. If not there is a penalty which is effective from 2008-09.


15 December 2008 Sir,

Is it compulsory if there is no sales in the company, as our company was funded by our parent company. Pls answer my question

27 June 2023 "Sorry, I am not a featured member."

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