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
- Where to show the RCM on Rent paid to unregistered landlord
- Is Aadhar PAN linking required for opening bank account?
- Applicability
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Gst Sales of FY 2023-24
- TDS NUMBER SURRENDER
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Offsetting interest income against derivative trading losses
- Application of 115BAC
- Whether still royalty
- 20% OF DEMAND PAYMENT IN APPEAL
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- 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
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
