Hi !
I have a technical problem.
I sold some goods on 30th March 2016. VAT applicable is 5%.
On 1st April 2016 part of that sold goods is returned to me as Goods return.
What should be applicable rate of VAT in debit note ? Should it be 5% or 5.5% ?
Also how should I file my return stating two different TAX i.e. 5% and 5.5 %?
Please reaply asap.
Thanks.
Apoorva
Hey CAs no idea on this ? Please use your resources and reply on this.
Thanks.
In your case 5% VAT is applicable
Thanks deepak for reply. You have any notification from department on this ? If yes please share the link.
Abic and Mani Chartered Accountants
Kottayam
B.Com
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Shyam S Gupta and Company
New Delhi
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