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vat return

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This query is : Resolved

nilesh chorbele (Querist)

19 February 2011 sir! my turnover of sales for the period 1st april 10 to 30th june 10 is Rs. 500001/- & for the same period turnover of purchase is Rs. 1000000/- (in which i have paid vat Rs. 80000/-) i have applied for registration on 5 jlly 2010.How i will fill the return form & get the credit of excess vat which i have paid at the time of purchase.... is it possible to get credit of excess payment of tax....pls guide....

CA KRISHNA KUMAR DARUKA

CA KRISHNA KUMAR DARUKA (Expert)

20 February 2011 I can tell you about West Bengal Rules. You have to submit a stock statement as on date of registration giving details of stock, purchase details and input tax paid etc. in a prescribed form duly certified by a chartered accountant. After submission of this form to authorities, you can claim input on opening stock.

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