Vat credit-sales returns
This query is : Resolved
25 June 2012
Dear all,
What is the time limit of taking sales returns - is it 30 days/ 60 days or 6 months.
Regarding Karnataka VAT.
Where I can see the Act/ Rules regarding same.
Any Fiancial yera limit is there?
We have sale returns w r t sale of 27th March 2012. Is it OK?
Regards
Anil
What is the time limit of taking sales returns - is it 30 days/ 60 days or 6 months.
Regarding Karnataka VAT.
Where I can see the Act/ Rules regarding same.
Any Fiancial yera limit is there?
We have sale returns w r t sale of 27th March 2012. Is it OK?
Regards
Anil
26 June 2012
The sales return allowed period is 6 months. Therefore your sales return date 27.03.2012 is eligible.
Please refer section 30 of the Karnataka Value Added Tax Act, 2003.
When you issue credit note, the party should issue a vat debit note for the same amount, which please note.
rengaraj r.k
Please refer section 30 of the Karnataka Value Added Tax Act, 2003.
When you issue credit note, the party should issue a vat debit note for the same amount, which please note.
rengaraj r.k
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITR 2 Short Term gain & Long term gain
- Reporting Income under Section 44ADA
- Off Market debit and credit transaction
- Itr 1 processing
- Showing Gift from relative in ITR for this year
- ITR selection for salaries and capital gain less than L
- ITR returnFY25-26
- Short Term Capital gain on shares bought and sold after 2018 onwards
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Article ship defecit
- Bank Accounts in Balance Sheet for ITR 3
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
