Nil return and reverse entry

This query is : Resolved

Ezhil (Querist)
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15 May 2013 Could any one guide me in filing nil return as there were no purchase or sales.I have filled FormI with 0 values. I don't know how to fill Annexure1 and 2 as no sales or purchase. Can i just confirm and submit.

My second query is my friend's company has submitted a wrong entry last month(EG: taken credit from a purchase X which was done by other company B. B has also taken credit for the same. Now need to reverse this month for Company A can i ask him to submit with negative values will it resolve his case.It's urgent kindly anyone help me

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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04 July 2013 you can put all the places as zero and file the nil return

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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04 July 2013 you can revise the VAT return incase of mistakes

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