hello friends..
i just want to know that if a person sells locallly and in invoice bills,
1) if he forgeted to show VAT Tax seprately
2) if he not charged VAT on bills
then what the penalties & interest will be levied to assessee
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Replies (1)
if the assesse has not mentioned the vat seperate on bills but filed the return with correct figures, then no major hassle, just its burden on part of assesse to make the understading of value and tax.
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