Vat

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sushant gurav

Accountant

112 Points Posted on 01 November 2011

Sir,

Pls. tell me

We are a Proprietary concern of two business. One is of Tyres (Dealer) and other is of Oil(Dealer). Both have different business names. But have only one TIN Number, since its a proprietoary concern.

So., my query is while filing VAT Returns both are to be filed seperately or combined.

Secondly if Return is filed combined , and suppose there is a Refund of VAT of One concern , then what happens.

Pls Guide

Thanks.

Replies (3)

Prakash T c

Executive

153 Points Posted on 01 November 2011

Originally posted by : sushant gurav

Pl refer your registration certificate and nature of business. if nature of business shown individual then you have file seperate returns.

if nature of business shown together then avail input tax ( clubbed).

Harshal Fifadra

Chartered Accountant

1249 Points Posted on 02 November 2011

File form 231 along with form 235 ......... Also notify the sales tax commissioner of your area .

chandra shaker

TAX PRACTITIONER

62 Points Posted on 02 November 2011

A SINGLE PERSON HANDLING TWO OR MORE BUSINESS COMMODITY IS OKAY ,BUT RUNNING MORE THAN ONE BUSINESS WITH DIFFERENT NAMES ,WITH SAME TIN NUMBER IS NOT AT ALL AUTHENTIC ,AND MORE OVER IT IS UNOFFICIAL TO RUN TWO DIFFERENT BUSINESS WITH DIFFERENT NAMES WITH SAME TIN NUMBER ,AS THE VAT TIN NUMBER WILL BE GIVEN TO ONLY ONE NAME AND STYLE AND NOT FOR MORE THAN ONE NAME AND STYLE FOR EACH AND EVERY NAME AND STYLE YOU HAVE GET NEW REGISTRATION .

HERE EVERY DEALER SHOULD KNOW ONE POINT THAT ANY DEALER DEALING BUSINESS IN TAXABLE GOODS AND TAKING DIFFERENT REGISTRATIONS FOR THE SAME PROPRIETORY CONCERN (WITH SAME PROPRIETOR)IS UNAUTHORISED AND NOT CORRECT , AND IN THE CASE OF EXEMPTED GOODS SALES HE MAY RUN HIS BUSINESS WITH DIFFERENT NAMES WITH SINGLE PROPRIETORY CONCERN.

LOTS MORE.............