banner_ad

reversal of vat credit

This query is : Resolved 
Profile Image

Profile Image

(Querist)
09 September 2008 hello friends..
i am doing audit of co.who has not reversed the credit availed on purchase of goods when these r returned
so now as an auditor what should i do?
bcoz all types of vat returns has already been filed by co.
n what will b the solution now
as an auditor,whether i should make it correct or
what to do?
Profile Image

Taxguy

Profile Image

Taxguy (Expert)
09 September 2008 I hope there is still time to revise Form VAT 115 whihc is an annual return wherein you consolidate allll motnhly return, you can reverse the credits and file revise Form VAT 115.

Form VAT 115 has to be filed within 60 days after the close of the year and it can revised upto six months from the date of filing. You should have some time. Check
Profile Image

CA. Harinder Kumar

Profile Image

CA. Harinder Kumar (Expert)
10 September 2008 i am fully agree with Mr. Kotresh
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
ARTICLESHIP 30 April 2026
Article Assistant

M/s G.K. Choksi & Co.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
ARTICLESHIP 30 April 2026
Article Assistant

J SINGH & ASSOCIATES

Ahmedabad

CA Inter

View Details
Company
03 May 2026
Senior Chartered Accountant

Nirmal Jain & Co

New Delhi

CA

View Details