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Vat assessment

11 March 2018

Till today our vat assessment was not done by Departement as there was a refund now we got a notice of vat assessment But suppliers are not providing any statements saying they don’t have very old records How to clear assessment Please reply

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5 Replies

G Vijaya Kumar (Audit Assistant) (556 Points)
Replied 11 March 2018

You sent a notice go through the department after that your supplier give the details. this is the final step.

NavinJManghwani (owner) (73 Points)
Replied 11 March 2018

I am talking from fy 06-07 to fy11-12

G Vijaya Kumar (Audit Assistant) (556 Points)
Replied 11 March 2018

This years noticed time is over as per my knowledge.

NavinJManghwani (owner) (73 Points)
Replied 11 March 2018

You mean to say assessment can’t be done

G Vijaya Kumar (Audit Assistant) (556 Points)
Replied 11 March 2018

As Per amendment notification of VAT department notification no. 1/2011-12 Dtd. 21.04.2011 the assessment or reassessment time has been reduced to 4 year. please read this notification I think it is helpful to you.