treatment of VAT
This query is : Resolved
UNNATI BHOJAK
(Querist)
21 January 2011
a firm has outstanding vat payable with interest. it has paid lesser amount then demand. so amount will be set off against first interest or tax amount.
thanks in advance.
thanks in advance.
Hitender Gaur
(Expert)
24 January 2011
What is you showed in Challan at the time of making the payment? If you write the amount in VAT column then it will be adjusted ag. VAT tax, no interest is payable on Interest in VAT.
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