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Vat payment & return both r same.

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(Querist)
12 November 2013 vat payment & return both r same . how to compute vat ?
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CA Chandra Kishore Bajpai

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CA Chandra Kishore Bajpai (Expert)
12 November 2013 no both are not same. vat payment is mode of discharge tax liabilty for the specified period while return is summary of transactions on which basis tax liabilty determined and arrived at.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
12 November 2013 agreed with Bajpai ji.
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