Basis for depositing vat and its retun

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

29 April 2012 In ome cases we deposit vat (sales tax) on monthly basis and in some cases on quarterly basis and same with the return of vat. On which condition we do this

Ki$hor B

Ki$hor B (Expert)
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29 April 2012 VAT:
If the tax liability in the PY was

TL > 10L Return is to be filed on a monthly basis

TL less than or equal to 10L but greater than 1L Qtrly

TL <= 1L Six monthly

Querist : Anonymous

Querist : Anonymous (Querist)

30 April 2012 Thanks for the reply, but what about payment vat, when it is payable on monthly and when quarterly,

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