Not shown vat payable in the b/s
This query is : Resolved
25 July 2012
Dear sir
1)in the A.Y-2011-12 our client Balance sheet not shown in the VAT payable in the Balance sheet and
2)wrongly shown as VAT Refundable but their is no any refundable Balance
Guide me
Regards
RAMESHA
1)in the A.Y-2011-12 our client Balance sheet not shown in the VAT payable in the Balance sheet and
2)wrongly shown as VAT Refundable but their is no any refundable Balance
Guide me
Regards
RAMESHA
25 July 2012
VAT refundable is receivable and hence current asset.
Then how comes payable as refundable. If it is a (-) balalnce on asset side, correct it.
Check with VAT annual return
Then how comes payable as refundable. If it is a (-) balalnce on asset side, correct it.
Check with VAT annual return
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
- About TDS & Income Tax
- Under construction property in ITR
- Section 194JA & JB Income which ITR Form to use
- Scrutiny and reopening of past returns
- PPF interest-As Exempt Income disclosure
- Pass word to open justification report for Q1 for FY 2026-27
- Building tax payment deduction in rental Income
- Upload Level ValidationITR3Category of Defect B/D
- Booth for sales promotion
- Presumptive income under 2025 ACT
- GST ON TRAVELLING BILLS
- F & O PROFIT REPORTING FOR AY 2026-27
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
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
