Wrongly leaved the vat
This query is : Resolved
23 September 2013
I have wrongly leaved the VAT on April Bill( Invoice )Which is 5.5% instead of 14.5%?
please guide me relating to this query,
How to sovlve this problem?
please guide me relating to this query,
How to sovlve this problem?
24 September 2013
You have not mentioned your state.
1)Issue a credit note for excess collection of differential tax, and claim the tax amount. Or
2) Issue a credit note for entire bill value and raise a fresh bill for correct rate of tax. Or
3) In your state what is the time limit or revising the return? If possible, after issuing credit note for diff tax, revise the April return with correct taxable turnover of 5% and claim the excess payment in your current month.
1)Issue a credit note for excess collection of differential tax, and claim the tax amount. Or
2) Issue a credit note for entire bill value and raise a fresh bill for correct rate of tax. Or
3) In your state what is the time limit or revising the return? If possible, after issuing credit note for diff tax, revise the April return with correct taxable turnover of 5% and claim the excess payment in your current month.
25 September 2013
Thanku Sir
I am from Karnatatka
I am from Karnatatka
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
- Tax on Deemed Capital Gain
- Exiting partner in partnership firm in gst portal
- F & O PROFIT REPORTING FOR AY 2026-27
- Type of Capital Gain
- ASMT-10 received from A O
- Traces submitting correction statement error
- Gst on travel by air for business purposes
- Average Cost Of High Quality Diamonds
- ITR-3 File/Error Found
- Taxability of credit in canara bank ET & T section (NRO)
- CASH GIFT FROM BLOOD RELATIVE
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- Rent claimed on building given on permissive possession basis
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
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
