HELP

As per ur question tax VAT a/c is showing cr. balance since last 2 years of Rs.34.5 lacs. According to Sect. 145A, sales and purchase a/c should be grossly booked(i.e. only that portion of vat should be added in sales .ad purchase that pertains to current year, previous year vat should not be considered).

Also since u hve not made the payment of Vat and not file the returns, u will be penalised for the same contravention as per the prescribed provisions.

 Hi Shreyas,

                  Vat is not piad 4 d last 2 quarters not years..That means Vat of current year should be added in purchase and sale..What About Closing Stock?

anyway thanks 4 ur reply..

Dear SIr,

w.e.f. 01-10-2009 TDS rate will be NIL for the transporters if he quotes PAN No.My query is that the transporters have lots of individuals. Transportes give their PAN on GR(Docket).What kind of document we have to required from transporters? Can we will take take PAN card photocopy from individuals who have registered their vehicle in any transporter union.Please suggest.

Regards

Hans Raj Sharma

Accounts Officer