Vat 240
This query is : Resolved
16 August 2011
Dear Experts,
Am i Suppose to file VAT 240 with the VAT Dept if my Taxable Sales @ 13.5% is Rs.3,50,000/- and my exempt sales is Rs.4,35,00,000/-. Please reply at the earliest.
Thank You
Regards
Gautham
Am i Suppose to file VAT 240 with the VAT Dept if my Taxable Sales @ 13.5% is Rs.3,50,000/- and my exempt sales is Rs.4,35,00,000/-. Please reply at the earliest.
Thank You
Regards
Gautham
MJ Krishnamurthy
(Expert)
21 August 2011
Mr.Gautam,
It is on the total turnover i.e.say Rs 50 laks the filing of Form240 is made mandatory,not on the taxable turnover. therefore you have to file Form 240.
MJK
It is on the total turnover i.e.say Rs 50 laks the filing of Form240 is made mandatory,not on the taxable turnover. therefore you have to file Form 240.
MJK
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