vat claim
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 July 2010
hi
The claim of one quarter input vat credit can be adjusted in another quarter.beacause in this quarter my accounting is incomplete so there are some purchase bill which required to entered
The claim of one quarter input vat credit can be adjusted in another quarter.beacause in this quarter my accounting is incomplete so there are some purchase bill which required to entered
CA Vijay Kumar Gupta
(Expert)
30 July 2010
No, you can not take the benefit of input vat in the next period.
CMA Ramesh Krishnan
(Expert)
30 July 2010
My view , if with in the one financial year can be set off
CA Vijay Kumar Gupta
(Expert)
31 July 2010
DIFFERENCE OF OPINION
Sir, return to be filed for a tax period ,may be monthly,qtrly, half yearlyor yearly. Thereafter, input tax on purchases cannot be claimed in return.It can be claimed in appeal or objection as per Dvat-04.
Sir, return to be filed for a tax period ,may be monthly,qtrly, half yearlyor yearly. Thereafter, input tax on purchases cannot be claimed in return.It can be claimed in appeal or objection as per Dvat-04.
CMA Ramesh Krishnan
(Expert)
31 July 2010
If Author provide the state, we will conclude correctly
VINOD ARORA
(Expert)
02 August 2010
In my opinion, best option is that the revised return be filed as per updated accounts. Revised/updated figure of input credit pending set off may be carried forward in next tax period.
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