16 December 2011
quarterly form H is different from declared in VAT but tallies with annual turn over but assessing officers is putting tax where ever excess treating as turn over and short is not considering.
16 December 2011
Mr S Joshi, The returns and 'H' form totals may not exactly tally,but you have brought them on record.It is now a question of reconciliation.'H' form sales are given by your buyer and they are all exempt also.Some sales may be shifted from one to next month etc.This is not an offence and calls for only marginal penalties and interest.The entire year's acounts are to be taken into consideration before finalising an assessment. MJK
CAclubindia
