Vat Return against Negative Turnover
This query is : Resolved
28 May 2009
Dear All,
Good Day,
We file monthly Vat Return in Delhi. Vat Turnover during the current month is in negative figures due to excess goods return received from customer which was sold in previous month. When we file on line vat Return the negative sales figures does not accept by the one line form.
Please advice how can it will be file.
Regards
Saran
Good Day,
We file monthly Vat Return in Delhi. Vat Turnover during the current month is in negative figures due to excess goods return received from customer which was sold in previous month. When we file on line vat Return the negative sales figures does not accept by the one line form.
Please advice how can it will be file.
Regards
Saran
01 June 2009
in case of goods return only tax has to be shown in the return not sales (minus). so i think you have not return form 16 carefully. only under CST return form you are liable to declare the sales values. AND if same happened under CST Act then revised the same return in which sales made by you.
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