27 November 2013
SIR, MY CLIENT IS PREPARING ACCOUNTS ON CONSOLIDATED BASIS FOR DELHI(HO), HARYANA AND PUNJAB BRANCH. WHEN WE FILL DVAT REPORT FORM, THERE IS A REQUIREMENT TO FILL DETAILS OF PROFIT AND LOSS A/C AND BALANCE SHEET. I NEED TO KNOW WHETHER I FILL THERE CONSOLIDATED FIGURES OR THE FIGURES OF ONLY DELHI BUSINESS.
PLS HELP. ITS URGENT..AS REQUIRED TO BE DEPOSITED UPTO 2.12.2013
Balance sheet will be one but trading accounts will be different for different States like you submit different VAT Return for different State. A consolidated profit & loss account will be of no use during assessment.
CAclubindia
