Hi
Just wanted to confirm if a manufacturer dealer can claim input VAT credit on capital goods(Furniture) AND claim set off of the same against VAT payable on sales in Maharashtra State? Also wanted to confirm Due date of Uploading form 231 in mahavat site in case of monthly/quarterly and half yearly returns ending on 31st March 2013 without any penalty?
Regards
Varuna
Dealer can claim the VAT set off on furniture purchase after deduction\retention of 3%. Please confirm that, he did not opt for any composition scheme.
If VATax is payable and it is paid up to 21th of april, then 231 can be uploaded up to 30th april, otherwise, 21th of April is the last date.
hello
sorry but i differ due date for return with annexures in j1 and i2 is 30-06-2013 kindly check rule 17 and 18 of mvat act do reply if i m wrong
thanks
CAclubindia
