Hello everyone,
one of my client started business of buying and selling plywoods in june 2012.
but he has registered himself under MVAT on 28/09/2012.
he has purchased good worth Rs.300000 on which he has paid MVAT of Rs.say 35000/- he sold goods of Rs.100000/- on which he did not collect any MVAT since he did not had any mvat number.
i am confused to how to file his MVAT return for the period april 2012 to september 2012.
1. will iput vat credit of Rs.35000/- be allowed ?
2. should i show any sales or show entire purchases as lying in stock ?
CAclubindia
