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C form in case of purchase returns

VAT (Legacy) 1258 views 1 replies

Dear All

After searching on this topic, I could understand that in case of purchase returns, C forms are to be issued for net amount.

But the problem is when Goods purchased in One quarter are returned in another quarter.

For e.g.

 

Purchases

Purchases

April to June 14

100

 

July to Sept 2014

 

100

Goods purchased in April returned

 

-10

Interstate purchases shown in VAT Return

100

90

C form to be issued in Quarter 1 = 90 (Net)

C form to be issued in Quarter 2 = 100.

While issuing C form, the Sales tax department compares C form application amount with the amount shown in return. It does not match in this case. What to do??

Thanks in advance.

Replies (1)
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