Dear all when I was trying to file vat revised return output tax payable in revised vat return is not adjusting to c/f input tax credit, it is showing as payable .plz clarify
You have to enter it in relevant row of input credit brought forward. It will then adjust. Or you can enter it against the row " Excess set off from earlier return "
Brought forward input tax credit is showing correct but output tax payable for the month in revised return is asking for payment
My input tax b/f amount is rs.3,00,000 & output payable as per revised is rs.50000 . While filling revised return it asking for payment of rs.50000
B/f input tax credit for month is showing rs300000 and c/f input tax in revised vat return is rs. 250000 & asking for payment rs. 50000
CAclubindia
