Vat return


This query is : Resolved 

07 February 2016 what is VAT return?

Arpit Shah (Expert)
08 February 2016 VAT is an indirect tax on the consumption of goods and services in the economy. Revenue is raised for government by requiring certain businesses to register and to charge VAT on the taxable supplies of goods and services

11 February 2016 For easy understanding you may presume that VAT Return is your Sales Tax Return for the period.
If you are asking for CENVAT, it is different from sales tax.


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