24 March 2009
I was not charging VAT on my bill as the turnover was not exceeding 5 lacs. since now my turnover exceeds 5 lacs and i had applied for VAT registeration, shall i raise debit note on billing for collecting output vat on previous bill. Any other way to setoff VAT as my most purchase are from outside the state
25 March 2009
VAT COLLECTION WILL BE FROM THE DATE YOU HAVE APPLIED /DATE FROM WHICH YOU HAVE BEEN REGISTERED. YOUR COLLECTED VAT WILL BE PAID AFTER TAKING INPUT CREDIT
25 March 2009
while filing return whether i should taken input credit on those material only for which correspondence sales has been taken place once it exceeds 5 lacs, or on the entire amount
CAclubindia
