Sals return excess
This query is : Resolved
29 April 2015
We file VAT return in December-14 of 4% tax, now we received back some material in MArch-15 which is exceed from current 4% sales i.e. total 4% sales in march-15 is 108662, sales return of December month 4% is 129025 now credit of excess sales is more than actual sales..now how we can file online return. negative balance shows in 4% return..pl. help n oblige.
Vishnu Saboo
(Expert)
30 April 2015
there must be provision in return for tax adjustment on sales/purchases return.
you have to show the amount there.
you have to show the amount there.
30 April 2015
But in adjustment minus figure not taken & error shown in online return..
Vishnu Saboo
(Expert)
01 May 2015
why you trying it in negative figure, you have to add the sales tax on sales return with ITC, if you do so there will be carried forward for you and not negative figure
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