Dear Sir /Madam ,
our MVAT Audit is being conducted by Mvat officer. Due to our oversight we have not taken into account one sale bill regarding DEPB sale, as the same was
not issued from our regular invoice book. The vat ammount collected in the bill was Rs 11,606 but was not taken in account while calculating our vat refund.
we are expoter and have vat refund in our returns every year. The officer is debiting the amount from our refund amount now which is okay for us , but will this mistake will also attact penalty under mvat act .if yes how much ? we have submitted all paper related to this sale to the concerned officer. kindly carify thankls
CAclubindia
