I pay the vat of april, but now i come to know that a Rs.50000 discount on sales entry is pending so vat credit not taken of it. Is there possible to take this credit now? If yes, please know how to mention or how to take.
Menu
Vat credit taken pending
Replies (3)
Re your vat retuevisrn of April then you will get Extra vat amount credit i. e. 50000*5%=2500 in next return.
My base question is that if the vat credit note month of april is taken in jun, it is valid or not.
Credit of VAT can be availed at anytime during the whole financial year. In sertain cases, even after that. We just have to revise our return. You can vail the VAT credit of April in June.
Recent Threads
- Error in GSTR1 filing for October 25
- Inverted Rate structure .
- Exemption to be climed
- GST TDS u/s 51 Applicability on RBI and it's subs
- Time allowed to buy another asset
- ITR not processed for the FY 2024-25
- Gift of money to my wife.
- Tax Audit If you show Loss
- GST Tax invoice Value Rs..234000
- Can I claim benefit under 54F if I sell my equity
Related Threads
CAclubindia
