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Querist : Anonymous

Querist : Anonymous (Querist)

16 July 2011 I have a proprietorship firm. My CA has been filling my vat return for three years. I want to check my Returns.Is it possible? How can I?

My CA only told me about the tax. i made payment but i never checked how he calculated the amount?

Now i want to check myself. How?
Is it possible for us to make demand of his tally data? Is it our right or it is only depend on the CA discretion.

Sunil Mate

Sunil Mate (Expert)
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16 July 2011 1) Yes, it is your right to demand the details of Tax Working / Computation.

2) Any VAT Return filied by CA, is available for view on State Deparment Sales Tax Website.

3) The Working of Tax is also availble on Acknowledgement page of Return (in Maharashtra), It shows the Total Tax Collection, Total Setoff Availble and any other Adjustment alongwith Payment.

Querist : Anonymous

Querist : Anonymous (Querist)

16 July 2011 Thanks. One more query how we can deal with those bills in which we did not pay any vat. Is it possible to show purchases without VAT?

How can we disclose those items in sale invoice which we did not purchase but get by other means.

Sunil Mate

Sunil Mate (Expert)
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16 July 2011 Yes, you have to show all purchases during the return period, whether you had paid any VAT or Not. you just want to do that, Classify the purchases in proper Heads. i.e. Registered Dealer Purchase on which no Tax is Charged, Un Registered Dealer Purchase, Outof Maharashtra Purchases or Exempted Goods Purchases.

I dont understand the other Means. it is Free of Cost or Gift etc.,

assuming above the only answer is if you are accounted the purchases in books of account and shown in inventory, then you can show in your sales invoice.

Querist : Anonymous

Querist : Anonymous (Querist)

16 July 2011 yes, you are right it is free of cost. how can we show in books that it is free of cost or exempt.Is any special documents needed for it?
or we simply pass the entry. but what will be the entry for that? we can debited exempt purchases but what we will credit?

Sunil Mate

Sunil Mate (Expert)
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18 July 2011
Free of Cost goods does not have any Purchase Cost, If there is any expenses incurred while receiving such goods you have to pass accounting entry for the same by debiteing to Free of Cost purchase & Crediting to Cash/Bank or Party Account.

and in inventory ledger, passed the entry of null value (i.e. only Quantity increase without any value).