Suppose, we received a purchase bill dated 29-09-2012 in Oct/Nov, 2012. Should the Input VAT on this invoice be shown in the VAT Return pertaining to September, 2012? Or, Can be this shown in the VAT Return pertaining to the month in which the Invoice was received (Oct/Nov, 2012)?
By the time the Invoice was received, the VAT Return/s might have been filed already. Then what is the course of action to be taken other than Revised Return? This is asked in view of repetetive receipt of Invoices after the date of filing. (In such a case to file Revised Return for every month is impractical)
So, this is the ultimately the doubt. Should the VAT Return pertaining to a month include the invoices booked by the Organisation in that month or Should it include the invoices raised against the Organisation during that month?
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