hi
Under e filing of VAT returns there is no provision to claim/deduct Sales Returns, where we have charged 4% VAT ,It is not possible to deduct from 5% Turnover,
Moreover the efiling software doesn't accept negative values if we show returns as negative under 4% Turnover Column
how to go ahead with filing.
Dear
How can you show negative sales? Is it possible for negative sales? If you sell a product for (-) figures,would it any meanings?
O P Bagla & Co LLP
New Delhi
CA Inter
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T R SOOD & CO
New Delhi
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Shyam Joshi & Associates
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B.Com
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CAclubindia
