A party under a compostion scheme (jems & stone). it sell out of india and also sell in local. when we file VAT 11 (under RVAT) then we show export sale or not. if yes then where we show in VAT 11
MANISH SHARMA (Audit Assistant) (87 Points)
10 June 2016A party under a compostion scheme (jems & stone). it sell out of india and also sell in local. when we file VAT 11 (under RVAT) then we show export sale or not. if yes then where we show in VAT 11
CA Anant Tyagi
(CA)
(283 Points)
Replied 10 June 2016
Dear
I think you are filing the Annual Return of RVAT.
There is no such column for export sale in Annual Return but you can show export sale in the Trading Account for the purpose of disclosure.
MANISH SHARMA
(Audit Assistant)
(87 Points)
Replied 11 June 2016
Sir, in the comosition scheme return file Annualy.
and party also paid composition fees on the export sale.
Affter that what we do, show in trading a/c as export sale or not
CA. Piyush Jain
(5 Points)
Replied 12 June 2016
Composition dealer regd u/s 5(1) have to file quartely sales return vat-10 n 10A annually,
in case of export sales there is no vat levied, so please again confirm the casee
CAclubindia
