Sales of goods

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

30 June 2016 To,
Dear Sir,

I had applied the Vat registration in june and had made the sales in may is valid.and i paying vat has i have collected.

please guide me.

bharath

bharath (Expert)
Follow

30 June 2016 Hi, You have collected VAT in May when you were not registered, any law doesn't permit to collect taxes without being registered, if you have collected you should pay to department as soon has you have registered, also you need to inform your customer about your registration details so that he can claim Input credit of VAT.

Message likes : 1 times

Rupesh Jain

Rupesh Jain (Expert)
Follow

30 June 2016 when you apply for the vat registration then you have to mention in the application that i am started the business in may then on certificate show
date of liability - may -16
date of registration of vat- june-16

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

01 July 2016 THANK YOU SIR HELP FULL ADVICE

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok