regarding vat 20

This query is : Resolved

gurru (Querist)
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26 October 2009 we are distributor of petroleum products (firm).we have submitted our balance sheet for 2008-09.Due to some wrong entry by accountant,our sales were shown 1 lakh extra
in balance sheet.now,we have to file vat-20 form.according to returns our sale is 2000000.but according to balance sheet our sales is 1 lakh extra i.e.2100000. now what can we do as there is difference in sales according to return and balance sheet.we donot want to show differnce in vat-20 form

HARI K V

HARI K V (Expert)
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26 October 2009 U can file a revised return within a period of 1year or before the completion of the assessment whichever is earlier.

CA Gangadhar Mishra

CA Gangadhar Mishra (Expert)
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26 October 2009 a revised VAT return can be filed within 30 days from the date of your knowledge of the mistake, but before 4 years from the date of filing giving the reason of your revising the return

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