14 February 2010
The dealer is a BOT operator with Toll collection as the only receipts. As the Toll collection are exempt under MVAT the GTO of Sales is Nil. However the Mahavat site is rejecting the Form e-704 with the error that - The figure in the GTO of Sales coloumn sould be positive and cannot be zero. What should I do ? Can anybody please help me ?
15 February 2010
Consider GTO as Total of toll collection. Then below in deduction coloum put the same amount. Ultimate taxable turnover will be nil. Regards
CAclubindia
