my name is swati , i have one query my one clinet has vat registration w e f 3.11.2011 , & he purchase some goods 9.10.2011 so he will liable to take set off for the return filing for the period of 1.10.2011 to 31.12.2011
04 April 2012
There is a provision that dealer has to get registered with in 30 days after he is liable to get registered. In this case they have applied for registration with in 30 days. Therefore dealer will have to pay tax on sales during this period and also he will be eligible to take set off of purchases during this period.
CAclubindia
