Doubts in VAT returns – we are submitting VAT 200 every next month 15th day, for July 31 we raised 5 invoice but one is approved in time (August before 15th ) reaming invoice are approved after the submission of VAT 200 monthly returns – How can I show that balance invoice in VAT returns? (Should I submit revised VAT returns for July or shall I take that balance 4 invoice in this month VAT Returns August month. (Our sales are completely exempted sales so we are not paying sales tax) Please suggest.
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We are giving construciton equipment on rent to any person without transferring right of possession and effective control of such machinery with in India . The machinery operation and maintainence is with us i.e our operator's do the work as per the requirement of the client.
Please advise the applicability of the VAT on the said transactions across India.
Further can we take the MODVAT credit on equipment purchased and use the said credit against the Service Tax Liability
thanks
ravi bhatnagar
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
VAT Monthly returns - reg,