Period of payment
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 April 2012
We got the MVAT Reg no dt.17.10.11. Now we have the tax liability of Rs.1250/- up to 31.03.12.while making VAT payment what period shall I put in Challan? is it 17.10.11 to 31.03.12 or 01.10.11 to 31.03.12? and can i adjust the liability against Deposit paid for registration?
Murtaza I Bhagat
(Expert)
26 April 2012
if its your voluntarily registration then adjust you vat payable against deposit
and your first period for payment is 18.10.2011 to 31.03.2012
and your first period for payment is 18.10.2011 to 31.03.2012
CA CS Pawan Jajoo
(Expert)
26 April 2012
For newly registered dealer periodicity is Quarterly.
as you are registered on 17.10.11 you will have to file 1st Return from 18.10.2011 to 31.12.2011 and another from 01.01.12 to 31.03.12.
In Case of Voluntary registration you can not adjust Deposit for 3 years
as you are registered on 17.10.11 you will have to file 1st Return from 18.10.2011 to 31.12.2011 and another from 01.01.12 to 31.03.12.
In Case of Voluntary registration you can not adjust Deposit for 3 years
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