After vat audit
This query is : Resolved
15 January 2016
Please guide me in following situation
Mvat ITC to be C/f as per returns for 2014-15 comes to Rs 150000
Mvat ITC to be C/f as per books / audit for 2014-15 comes to Rs 50000
What to be done for above after filling of vat audit Report
Also suggest what to be done for Returns of 2015-16 as this returns have already been filed taking B/f of ITC of Rs 150000 and not Rs 50000.
Mvat ITC to be C/f as per returns for 2014-15 comes to Rs 150000
Mvat ITC to be C/f as per books / audit for 2014-15 comes to Rs 50000
What to be done for above after filling of vat audit Report
Also suggest what to be done for Returns of 2015-16 as this returns have already been filed taking B/f of ITC of Rs 150000 and not Rs 50000.
16 January 2016
You will have to revise your MVAT returns accordingly to get a refund Rs.50,000 as per your VAT audit report.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Disallowance of Section 43B(h) to sez units
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Sale of property furniture sale
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Redevolpment of bldg in mumbai
- Refund of AY 22-23
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
