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Revised vat return filing
How to revise the return for the following:
goods purchase in march 2016 for 5.5 %
same has been filed in VAT returned ( @ 5.5% vat).
Debit note sent by seller saying that it was of 14.5 % VAT in June 2016.
now, how to file a revised return by only changing the vat % and not affecting the base price of purchase
Replies (7)
First tell us under which state u are registered.
You can revise VAT return after VAT audit, so any mistake further can be even get solved once and u don't need to file revise returns more. In case of MVAT we have option of revised return in retun itself. Revised return can be filled only once before VAT audit. So be careful.
You can revise VAT return after VAT audit, so any mistake further can be even get solved once and u don't need to file revise returns more. In case of MVAT we have option of revised return in retun itself. Revised return can be filled only once before VAT audit. So be careful.
Karnataka VAT and purchase is also Loacl (Karnataka)
Karnataka VAT and purchase is also Loacl (Karnataka)
Is VAT audit applicable for u ?
yes VAT Audit is applicable
Can u plz tell me how is invoice before & now ?
1. Before
xyz 100
vat @ 5.5% 5.5
total 105.5
2. now
xyz 100
vat @ 14.5%. 14.5
total. 114.5
1. Before
xyz 100
vat @ 5.5% 5.5
total 105.5
2. now
xyz 100
vat @ 14.5%. 14.5
total. 114.5
yes . exactly the same.
now, the seller has sent a debit not of Rs. 9/- (14.5-5.5)
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