Vat enquiry

Mahavat 983 views 3 replies

Well One of my friend said that recently 10-15 days back there was an enquiry which took place at his place.

 

It was regarding some bill he have drawn somewhere in 2006 on whose vat he havent forwarded or he said he couldnt find the necessary documents now.

 

Though he settle the matter on personal level.

 

Wanted to ask somewhere i read  that income tax returns cant be scrutinized after 1-2 years of  financial or assessment year.Than how come a 5 year old bill querry have been taken out in this case by sales tax department here.Want this lead to unnnecessary harassment or requirement  to save old paper loads and others.

Replies (3)
Originally posted by : Magnet

Well One of my friend said that recently 10-15 days back there was an enquiry which took place at his place.

 

It was regarding some bill he have drawn somewhere in 2006 on whose vat he havent forwarded or he said he couldnt find the necessary documents now.

 

Though he settle the matter on personal level.

 

Wanted to ask somewhere i read  that income tax returns cant be scrutinized after 1-2 years of  financial or assessment year.Than how come a 5 year old bill querry have been taken out in this case by sales tax department here.Want this lead to unnnecessary harassment or requirement  to save old paper loads and others.

vat refund cases filed by his buyer might get passed in appeal stage and input credit has to get checked by audit team, cross verification is needed for this. no time limit is prescribed for this type of checking, 

as he was not able to show the bills, but he had returns of the period, and in returns he had to show the bills entry ,. that would be sufficient. 

Dear Friend

there is lot of time diff between VAT Act and Income Tax Act.

So, Pls dont mixed them

Regards

If old Profession Tax Reg. no. is PT/R/1/1/34/8506 , HOW TO GET new no. for e-filing?


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